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Two northwest Indiana counties will nail down the final details of their tax-exempt bond-financed bid for the bankrupt Indiana Toll Road over the next two weeks.
March 2 - Indiana
A state bill enabling Indianapolis to borrow $84 million for a new soccer stadium in downtown Indianapolis has sparked a debate that echoes the national debate over sports facility financing.
February 26 -
Doubts as to the quality or effectiveness of Indiana's intercept program are misplaced.
February 26 - Illinois
Municipal bond borrowing by Midwestern issuers picked up steam last year, rising by 6.9% to $63.5 billion as issuers loosened the reins a bit on new money borrowing and refundings recorded double-digit gains thanks to favorable interest rates.
February 24 -
The January default by a well-off Indiana school district, though quickly cured, reveals problems with the state funding formula and investors' reliance on state school enhancement programs, market participants say.
February 17 -
Owners of the bankrupt Indiana Toll Road assured a federal bankruptcy judge recently that they expect to find a new owner for the 75-year lease within a few months and that the asset could fetch as much as $5 billion.
February 10 - Indiana
Indiana finance chief Kendra York has quit to join an engineering firm that works on public-private partnerships, and Gov. Mike Pence has appointed long-time public finance figure Dan Huge as interim director.
February 9 -
An issuer in Virginia recently disclosed an Internal Revenue Service audit of bonds it issued in 2006, and a borrower in Indiana and an issuer in Pennsylvania disclosed that the IRS has closed audits of their bonds.
February 6 -
Indiana's recent decision to expand its Medicaid program under the new federal health care law is positive for the state's hospitals and could prompt Republican-led states that have opted out to change their minds, according to Fitch Ratings.
February 4 - Indiana
Standard & Poor's put a local Indiana school district on negative watch after it missed two payments due in January on bond issues.
January 29