Indiana

Legislation that would pave the way for state oversight and appointment of an emergency manager for Indiana’s embattled Gary Community School Corp. in Indiana is headed to the state House after passing the Senate.

Issuers in the Midwest sold $87.2 billion of municipal bonds in 2016, a 23.4% year-over-year increase that was the biggest of any region.

Indiana is looking for solutions to concerns S&P Global Ratings raised over its school bond intercept program when it placed the program on CreditWatch negative.

Indiana moved a step closer to taking over the distressed Gary Community School Corp. with the unanimous committee passage of legislation that would pave the way for state oversight and appointment of an emergency manager.

The bonds of 16 affordable housing properties affiliated with Global Ministries Fellowship were downgraded by S&P Global Ratings, sending 14 more of the credits to junk.

Indianapolis’ upcoming $68 million bond sale marks a return to property tax-backed debt borrowing for the city after an eight-year absence.

Indiana must keep its books balanced and its reserves well-funded, Indiana Gov. Eric Holcomb said, calling the state government’s strong fiscal health a “bedrock” of its appeal for businesses.

Indiana Gov. Eric Holcomb unveiled a nearly $31.8 billion, two-year spending plan he said achieves his education funding and economic development goals while preserving the state's reserves and top credit marks.

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.