CIB finances improving, though concerns remain
Approaching the end of 2009, Indianapolis’ cash-strapped Capital Improvement Board is on much more solid financial footing.
Government & Economic Development
Articles
Record number of Indiana taxpayers e-filed this year
Indiana taxpayers filed a record 2.2 million electronic federal tax returns this year.
House health bill unacceptable to many in Senate
A government health insurance plan included in the House health care reform bill is unacceptable to a few Democratic moderates who hold the balance of power in the Senate.
Indiana jobless benefits extended 20 more weeks
Federal legislation will provide up to 20 weeks of additional unemployment benefits in Indiana. The extension means eligible residents will be able to claim up to 99 weeks in benefits.
House passes health care bill on close vote
In a victory for President Barack Obama, the Democratic-controlled House narrowly passed landmark health care legislation
Saturday night to expand coverage to tens of millions who lack it and place tough new restrictions on the insurance industry. The 220-215 vote cleared the way for the Senate to begin a long-delayed debate
on the issue that has come to overshadow all others in Congress.
Indiana voters trending against schools in tax votes
Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last
week’s referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic
times.
Daniels announces more cuts as state revenue falls again
Indiana Gov. Mitch Daniels on Friday announced a series of spending cuts and other steps designed to offset a continuing multimillion-dollar
decline in state revenues. If the trend continues without spending cuts, he said, Indiana’s reserves would be wiped out by
next August.
U.S. jobless rate tops 10 percent for first time since 1983
Nearly 16 million people can’t find jobs even though one of the the worst recessions in generations has apparently ended.
Obama to sign homebuyer, jobless assistance bill
President Barack Obama is set to sign a $24-billion economic stimulus bill providing tax incentives to prospective homebuyers
and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.
Education cuts could be coming, state schools chief says
Indiana’s school chief warned school superintendents Thursday that declining state revenues could force cuts in public education
spending, education officials said.
IURC conducts review of Centennial’s telecom service
Every neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the
most unusual: a very public fight over the adequacy of its phone, Internet and video service.
Sign proposed for IBJ building requires public hearing
The parent company of Indianapolis Business Journal has filed plans to add a sign with an electronic-message component outside
the newspaper’s headquarters at 41 E. Washington St.
WellPoint, Obama administration battle over cost of health reform to employers
At this point in the health reform debate, you have to take numbers from any side with a grain of salt. That said, Indianapolis-based
WellPoint Inc. has done perhaps the only local analysis of how proposed reforms would affect the cost of health insurance
for employers.
Members of City-County Council form task force to study CIB financial problems
A new task force formed this month is charged with recommending solutions to the financial problems of the Indianapolis
Capital Improvement Board and its related convention and tourism issues.
Daniels blasts House health bill
In letter to Indiana congressmen, the governor says the reform bill would kill jobs with ‘enormous’ new taxes.
Military firm could create 500 jobs at former chemical site
Telic Corp., a developer and manufacturer of United States military equipment, announced Thursday it will invest more than
$1.2 million in the former Newport Chemical Depot in western Indiana, creating up to 500 jobs.
Harley-Davidson eliminates Indiana from relocation list
Harley-Davidson has announced that a Kentucky location is the only one it will consider if it decides to relocate its York,
Pa., motorcycle plant, eliminating a site south of Indianapolis from contention.
Suburban counties building outer loop to avoid Indianapolis
Counties wanting to speed traffic among suburbs are building highways to avoid having to travel into Indianapolis. The result,
a 100-mile outer loop beyond Interstate 465, won’t be completed for years, and it won’t be built to consistent standards,
but it might help ease congestion.
IU economists forecast tepid growth in 2010
Indiana University economists offered a cautious but improving economic outlook for 2010, in which they expect the personal
income of Hoosiers to grow slightly and the state to add 50,000 jobs.
Latest stimulus jobs report rife with errors, review finds
The government’s latest count of stimulus jobs significantly overstates the effects of the $787 billion program, raising fresh
questions about the process the Obama administration is using to tout the success of its economic recovery plan.