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The bankruptcy of the private operator who runs the Indiana Toll Road is not expected to affect the triple-A rated states credit, Moody's Investors Service said Friday.
October 3 -
Indiana officials assured Hoosiers that the bankruptcy of the private operator of the Indiana Toll Road would not hurt the state, but one analyst warned that "aggressive" toll rates in the original lease could spell long-term problems.
September 22 -
Indiana officials are watching closely as the private firm that operates the Indiana Toll Road under a historic $3.8 billion 75-year agreement reportedly teeters on the edge of bankruptcy and considers a sale of the lease.
September 18 - Indiana
Two-term Indiana Treasurer Richard Mourdock resigned four months before the end of his term, prompting Gov. Mike Pence to appoint long-time public finance figure Dan Huge as interim replacement.
September 10 - Kentucky
A group of ratepayers from a Chicago suburb are suing five advisors and consultants, accusing them of misrepresenting the value of participation in the bond-financed Prairie State Energy Campus to the city of Batavia.
August 20 - Kentucky
Ratepayers from a Chicago suburb will file a lawsuit as soon as Tuesday seeking compensation for steep energy rate hikes they've paid due to cost overruns at the bond-financed Prairie State Energy Campus coal-fired power plant.
August 18 - Indiana
Indianapolis Mayor Greg Ballard named Greg Clark to formally take over as director of the Indianapolis Local Public Improvement Bond Bank to replace Deron Kintner, who is leaving the city.
August 18 - Missouri
Borrowing by Midwest issuers slid 13.2% for the first half of 2014 but new-money issuance fueled by Chicago and Illinois deals helped boost new-money by 16.8%.
August 12 - Indiana
Indianapolis is coming to market this week with $50.2 million of tax increment backed revenue bonds to finance a pair of large downtown developments that will help satisfy a rising demand for downtown living space.
August 4 - Indiana
Indiana Gov. Mike Pence has ordered state agencies to reserve 4.5% of their 2015 appropriations and public universities to hold back 2% despite recent news that the state has $2 billion in reserves.
July 18