Indiana

A declining number of Midwestern high school graduates is adding to already highly competitive environment further straining the region's small colleges, according to Moody's Investors Service.

Indiana and Illinois have finalized a bi-state development pact for the proposed Illiana Corridor toll road that commits the two states to a combined funding contribution of up to $350 million.

Indiana-based Sycamore Advisors has hired Chicago City Colleges CFO Melanie Shaker to open a new Chicago office and expand into the Midwest's largest market.

Gary, Ind. is set to enter the market this week with its first bond sale in nearly a decade, and at the same time is advancing a plan for a second borrowing.

The city of Fort Wayne plans to issue up to $67 million of bonds to finance the takeover of a nearby water utility.

Indianapolis has agreed to pay at least $164 million over the next 10 years to keep the professional basketball team the Indiana Pacers in town.

Indiana Gov. Mike Pence said he would reopen talks about economic incentives with the Pakistan-based company that is building a controversial fertilizer plant in Posey County.

The long-struggling city of Gary, Ind., is making a rare appearance in the bond market with a short-term deal that the city's mayor hopes will help rebuild the city's battered credit.

Posey County, Ind., will remarket Tuesday $1.3 billion of notes in what will be the third remarketing for a controversial nitrogen fertilizer project that has run into significant political opposition.

The Indianapolis Board of School Commissioners has authorized the potential refinancing of $59.6 million of Build America Bonds issued in 2010 because the subsidy payments to the issuer have been reduced due to sequestration.

A proposed 47-mile toll road linking Indiana and Illinois is eligible for a federal TIFIA loan that could reduce construction costs by up to 20%, officials said.

Once known as "Little Detroit," the small city of Connersville has declared a financial emergency, warning it might not have enough money to make payroll by May.

Indiana lawmakers wrapped up their 2014 legislative session after passing a handful of controversial bills, including one that advocates for local governments say could hurt local government revenue.

Indiana tapped a shortlist of four private teams to compete to work on the state's largest public-private partnership, a 47-mile toll highway linking the state to Illinois.

A new report says Kentucky and Indiana saved $300 million on the Ohio River Bridges Project primarily because of design and construction efficiencies.

A key legislative panel Tuesday approved a bill that would cut the state's corporate and business taxes as part of an effort by Gov. Mike Pence to attract more businesses to the Hoosier State.

Six firms have responded to Indiana's request for qualifications to partner with the state for the $1.3 billion Illiana Corridor toll road connecting Indiana and Illinois, officials said Tuesday.

Indiana lawmakers return to work for a winter session highlighted by Gov. Mike Pence's controversial proposal to eliminate the property tax on business equipment and machinery, a move that would impact cities like Whiting.

State budgets seem to be "stabilizing and settling into a period of modest growth," but recovery from the Great Recession is still "a work in progress," a report from the National Conference of State Legislatures found.

CHICAGO –Indianapolis lost its top issuer credit rating from Standard & Poor's Tuesday over the rating agency's recent changes to its local general obligation credit criteria; it was dropped two notches.