Indiana

The Pakistan-based company that last week sold $1.3 billion of notes for a controversial fertilizer plant in Indiana expects to head back to the market with the long-term financing in the first quarter of 2014.

Indiana Gov. Mike Pence has named Brian Bailey as the state's new budget director, replacing Chris Atkins who will become director of the Office of Management and Budget.

The Gary/Chicago International Airport Authority is on a fast-track to privatize the airport and surrounding land to help revitalize the struggling city of Gary and position the facility as Chicago's third regional airport.

Moody's Investors Service revised its outlook to negative on the NCAA, warning that litigation tied to the growing public debate over the treatment of student-athletes pose risks to the agency's operations.

Illinois Gov. Pat Quinn and Indiana Gov. Mike Pence opened a forum aimed at luring private contractor and investment interest in a proposed $1.3 billion expressway linking the two states.

Posey County, Ind. will bring nearly $1.3 billion of short-term refunding debt to market for a controversial fertilizer plant after the state dropped its support.

After Indiana dropped support for a controversial $1.8 billion fertilizer plant, Posey County in Indiana said it would act as conduit issuer for bonds to help the Pakistani-based company close the deal.

Indiana Thursday put out a request for qualifications seeking developers interested in a $400 million project to rebuild a section of I-69, the latest in a series of P3s that state officials say make them a leader in the sector.

Indiana Gov. Mike Pence said he is pulling state support for a $1.8 billion fertilizer plant amid political concerns, but the plant's owners said they still hope to build the facility.

Gov. Mike Pence last week signed into law a measure that will allow the Indiana Motor Speedway to issue $100 million of bonds backed by a new state credit.

Beacon Health expects strong investor response when it comes to market Wednesday with $157 million of AA-minus rated hospital bonds that marks the first borrowing for the newly created credit.

Indiana Gov. Mike Pence must decide on whether to green light to a $1.2 billion bond-financed fertilizer plant amid allegations that the Pakistan-based owner had ties to explosives used against U.S. troops in Afghanistan.

The General Assembly last week approved a bill that would allow the Indiana Motor Speedway to issue up to $100 million of bonds backed by a new state credit.

Indiana lawmakers were poised Friday to approve a two-year, $30 billion budget that provides $1.1 billion in tax relief over the next four years through a series of tax cuts that includes a 5% drop in the income tax.

Indianapolis Museum of Art comes to market this week with $37 million of refunding bonds that are part of the museum's overhaul of its debt management policy.

Indiana is on track to enjoy a "stable but slow" recovery, with revenues seeing a steady uptick through 2015, state fiscal officials said in a revenue forecast report released Tuesday.

Indianapolis Controller Jeff Spaulding is leaving the city for a new position at the Friedman Foundation for Education Choice.

Indianapolis comes to market Tuesday with $42 million of lease revenue bonds that mark the final piece of a financing for a massive new $734 million public safety net hospital located in downtown Indianapolis.

The city of Fort Wayne, Ind. said it would be able to reduce future sewer rate increases as a result of saving $3 million in a late-2012 refunding of $29 million of sewer debt.

Indiana lawmakers and Gov. Mike Pence will begin negotiations on a final $30 billion, two-year budget this week with the deadline of hammering out a final spending plan by the end of the month.