Indiana

Indiana taxpayers will get a $111 credit on their income-tax returns next year thanks to a new law that requires a taxpayer refund if the state’s surplus totals more than 10% of the budget.

A group pushing for development of a $1.3 billion regional mass-transit system in two central Indiana counties renewed their push last week, urging lawmakers to approve a voter referendum.

The Indiana Finance Authority selected a P3 team led by Walsh Investors for its half of the $2.6 billion Ohio River Bridges project that is a joint effort between the Hoosier State and Kentucky.

Indiana’s chief budget official Adam Horst announced last week he is leaving the post to join Indiana University Health after less than a year on the job.

A small, fast-growing Indiana city that needs money for capital projects sold its water and sewer systems for $91M in cash to the same utility that bought Indianapolis' systems for $1.9B last year.

Indiana budget officials reported that general fund revenues increased 4% through October from the start of fiscal 2013, nearly double the most recent forecast.

Indiana's transportation director visited Ohio to tout the Hoosier State's $3.8 billion toll road lease as Ohio Gov. John Kasich nears an announcement on the privatization of the Ohio Turnpike.

Indiana University selected Goldman Sachs to act as its main advisor on a proposal to privatize its parking system in a bid to raise cash to offset declining state aid and other revenue sources.

The Louisville and Southern Indiana Bridges Authority approved a development agreement governing the construction, financing, and long-term management of the Ohio River Bridges Project.

Jeffersonville, Ind. last week approved a third and final resolution to issue up to $50 million of bonds for wastewater projects.

A judge in Madison County, Ind. last week ruled that Indiana law gives municipalities the right to lay off employees because of economic conditions.

The Indiana Finance Authority Thursday will sell $61M of state appropriation-backed bonds in a deal that will allow the popular state fair begin to hold large-scale, paid concerts again after a devastating 2011 accident.

Indiana plans to tap a final team to partner on its half of the $2.6 billion Ohio River bridges project by mid-November and close the deal by the end of the year, officials said.

Kentucky and Indiana agencies Tuesday are poised to approve the long-awaited master agreement for the financing and construction of the massive $2.6 billion Ohio River Bridges Project.

Indiana University expects to hire financial advisors to oversee the privatization of its parking system, a transaction modeled after Ohio State University's precedent-setting deal.

Indiana will use a chunk of its $2.2 billion surplus to make contributions to the state's pension funds, Gov. Mitch Daniels announced last week.

A new report from Indiana shows that local governments in the Hoosier State carry a total of $34 billion of debt, about half of which is backed by lease payments. School districts have issued the most debt of all political subdivisions.

The city of Westfield in Indiana has signed a memorandum of understanding with Citizens Energy Group to sell its water and sewer system to the non profit utility.

Indiana officials said revenues fell nearly 2% below expectations in August, though revenues overall are 4% ahead of forecasts for the first two months of the fiscal year.

Three groups have filed complaints stating that federal approval for the $2.6 billion Ohio River Bridges Project should be thrown out because laws were violated.