Indiana

Indiana’s Gov.-elect Eric Holcomb is eyeing the state’s existing $500 million Next Generation Trust Fund -- set up years ago from proceeds of the Indiana Toll Road Lease – to fund investments in entrepreneurship and to support early-stage and mid-size Indiana companies.

Indiana GOP House leaders offer $1.2 billion per year road funding plan fueled by gas tax hike.

Interstate tolling and higher gas taxes are among state road funding proposals already on the table for 2017.

A new revenue forecast for Indiana says the state will collect about $300 million less in general fund revenues than had previously been anticipated next year, though the projection for the following two years is up $1 billion.

The Gary Community School Corporation in Indiana is struggling to meet payroll after voters rejected a referendum to increase property taxes.

Midwestern voters delivered mixed results on transportation proposals Tuesday while picking new governors and settling legislative races that stand to impact fiscal decisions in Illinois and Minnesota.

Fishers is trying to spread the word of its status as Indiana’s only city with a triple-A rating from S&P Global Ratings in an effort to develop broader investor appeal and further lower its borrowing costs.

The Midwest’s voters will decide on an array of bond and tax questions requesting new funding for schools, infrastructure, transit, and highway projects and fill key leadership roles.

Construction delays and related payment risks on an Indiana public-private partnership highway project prompted Fitch Ratings to drop bonds issued for the project three notches to B.

Indianapolis received a one-notch downgrade from Moody’s on $410 million of moral obligation debt as the rating agency implements a new methodology.

Indiana’s Citizens Energy Group heads into the market with a $49 million refunding of natural gas utility bonds bolstered by an upgrade from S&P Global Ratings.

The Indianapolis City-County Council approved a $1.1 billion budget for fiscal 2017 that includes a $200 million infrastructure plan that would be partially funded by future bonding.

A Michigan-based senior housing developer and operator is borrowing $69.3 million of unrated tax exempt and taxable bonds to finance projects in Waterville, Ohio, and Chesterton, Ind.

Fort Wayne, Indiana based Parkview Health System’s improved operating performance earned it a one notch upgrade into the double-A category.

The already junk-rated bonds of a P3 highway project in Indiana received a downgrade from another rating agency as payment disputes among contractors reached a new level.

St. Louis-based Stifel Financial Corp. reached into Indiana for its latest acquisition, City Financial Corp. in a deal that bolsters Stifel’s already strong public finance foothold in the Midwest and further cements its evolution into a national player in public finance.

Indiana will receive an upfront payment of $50 million under terms of a proposed deal to lease the state’s communications infrastructure, including its existing cell towers, to a Canton, Ohio –based private operator.

Indiana State University heads into the market Wednesday with an $82 million issue, a portion of which will fund renovations to its health and human service building.

The utility serving Indianapolis and Marion County is headed into the market with $234 million of wastewater revenue bonds -- including debt it will designate as green bonds.

The issuers of the Midwest sold $41 billion of municipal bonds in the first half of 2016, spurred by increased new money issuance, according to Thomson Reuters data.