Indiana

Indianapolis won triple-A ratings on its stormwater bonds as it gears up for a $300 million capital plan.

Indiana fiscal officials released final year numbers Thursday, saying the state brought in $210 million more than it spent in 2015, boosting its prized reserve fund to $2.1 billion.

Months after the original private owner of the publicly owned toll road went bankrupt, the new owner, Australian fund manager fund IFM Investors, is set to complete the financing of its takeover bid next week.

Six months after an Indiana school district defaulted on bond payments, Standard & Poor's affirmed its A rating on the bonds and removed them from negative CreditWatch.

Indiana is bringing $95 million of highly-rated taxable appropriation-backed bonds to market this week to finance an upgrade to the state's most popular sports facility, the Indianapolis Motor Speedway.

A federal judge Tuesday said federal approval of a controversial $1.5 billion toll road between Indiana and Illinois was “arbitrary and capricious” and in violation of federal environmental law.

A coalition of environmental groups wants the Federal Highway Administration to withdraw its support for the controversial Illiana Corridor toll road.

The director of Indiana's Office of Management and Budget is leaving the state to take a job with a nursing home construction company.

Indianapolis will not be building a new $400 million criminal justice center after the city-county council killed the proposal.

Indiana will continue to suspend all work and contracts tied to the $1.5 billion Illiana Corridor toll road until the fate of the controversial project becomes clear in cash-strapped Illinois.

Moody’s Investors Service revised its outlook to negative from stable on Aaa-rated Indianapolis, saying the city faces a structural imbalance and it’s uncertain whether leaders will be willing to raise revenue or impose cuts.

Australian fund manager IFM Investors has paid $5.72 billion to lease the Indiana Toll Road for 66 years, marking the largest privatization for an existing U.S. asset and the first time major US pension funds have invested in American infrastructure.

An ambitious plan by Indianapolis Mayor Greg Ballard to build a $408 million new criminal justice complex as a public-private partnership is facing an uncertain fate amid strong political opposition.

Indianapolis is increasing its disclosure with a new web site and report that provide detailed overviews of the city’s debt and borrowing practices.

After years of financial problems, the school district of Gary is poised to become Indiana's first local government to be taken over by an emergency financial manager.

Indiana Gov. Mike Pence has tapped Dennis Bassett, former Bank One managing director and the state's financial institutions director, as head of public finance.

Hoosier lawmakers went down to the wire Wednesday in crafting a new budget, passing a $31 billion, two-year budget just one minute before a midnight deadline.

Chicago-based David A. Noyes & Company is expanding into the primary underwriting market with the hire of Indiana muni veteran Tom Enright.

Hoosier lawmakers are revamping the state's school funding formula to boost money for growing suburban districts in a move that critics say will challenge already struggling urban districts like Indianapolis and Gary.

Despite the bankruptcy of its current operator, the Indiana Toll Road continues to show the benefits of privatization, as does the new $5.7 billion bid for the road, Wells Fargo says in a new report.