Indiana lawmakers approve budget featuring meager pension payment

APRIL 30, 2019 | THE BOND BUYER | by Nora Colomer

“Indiana lawmakers signed off on a $34 billion, two-year budget that provides a $150 million payment toward the state’s teacher pension obligations. The one-time cash infusion will create about $70 million in additional cash flow for schools but does not address the $11 billion of underfunding the system is dealing with, says Sheila A. Weinberg …”

Gary council agrees to borrow $8 million to keep government afloat

FEBRUARY 22, 2019 | NORTHWEST INDIANA TIMES | by Lauren Cross

“The City Council has approved borrowing about $8 million to cover the cash-strapped city’s day-to-day operations and other expenses until Mayor Karen Freeman-Wilson’s halted plan to sell and lease back the city’s Public Safety Building can be finalized. The cash will help pay the city’s police and fire pension obligations, payroll and health insurance costs.”

How property assessment went from townships to counties

DECEMBER 18, 2018 | ZIONSVILLE TIMES SENTINEL (INDIANA) | by Scott Miley

After Judith Sharp had been in office as Monroe County assessor for just a month, she rattled decades-old traditions when she told attendees at a state conference that the township assessor system needed a shakeup.

Indiana’s balanced budget amendment, championed by Mike Pence, easily passes

NOVEMBER 7, 2018 | INDIANAPOLIS STAR | by Domenica Bongiovanni

Hoosiers on Tuesday voted to enshrine a balanced budget requirement into Indiana’s constitution, meaning that lawmakers cannot approve state spending that exceeds revenue estimates.

Public pensions not at risk if Hoosiers ratify balanced budget amendment to Indiana Constitution

NOVEMBER 6, 2018 | NORTHWEST INDIANA TIMES | by Dan Carden

INDIANAPOLIS — Former state Sen. Brandt Hershman, R-Buck Creek, isn't running for office this year, but lately he's been spending a lot of time knocking down misconceptions about a ballot question that he helped put before Hoosier voters.

Balanced budget amendment on Indiana ballots

NOVEMBER 6, 2018 | 14 NEWS (INDIANA) | by Kate O’Rourke

EVANSVILLE, IN (WFIE) - There is a public question on Indiana ballots that is confusing some voters. It is a question on amending the state’s constitution in regards to how lawmakers make their budget. As the Indiana State Constitution is written right now, there is no language requiring a balanced budget. We are told the Constitution reads that the State can only incur so-called casual debt.

Vote for budget amendment is vote for responsibility

OCTOBER 30, 2018 | INDIANAPOLIS BUSINESS JOURNAL | by Brandt Hershman

The most enduring vote Hoosiers will make in this election is not for a candidate or a party. It’s to ensure Indiana’s legacy of fiscal responsibility benefits future generations.

Indiana constitutional amendment ballot question sparks confusion

OCTOBER 25, 2018 | WISH-TV (INDIANA) | by David Williams

A constitutional amendment question on the Nov. 6 ballot is confusing to some Hoosiers. 

Positions that watch over state finances up for grabs

OCTOBER 16, 2018 | THE JOURNAL GAZETTE (INDIANA) | by Niki Kelly

The auditor pays the state's bills while the treasurer invests the state's revenue. Both have additional programs to oversee as well. Each office has an annual salary of about $82,500 and the term lasts four years.

Looking for a new job? These cities will pay you to relocate

MAY 2, 2018 | FOX BUSINESS | by Leia Klingel

The U.S. job market is so tight that some cities are offering bonuses to employees willing to relocate. 

Insurers as asset managers and systemic risk

JANUARY 29, 2018 | KELLEY SCHOOL OF BUSINESS – INDIANA UNIVERSITY | by Andrew Ellul, Chotibhak Jotikasthira, Anastasia Kartasheva, Christian Lundblad, Wolf Wagner

Asset fire sales arguably play a critical role in the propagation of systemic risk. We propose a new mechanism whereby financial institutions’ business models engender correlated asset portfolios, increasing vulnerability to fire-sales. 

Multiemployer pension plans in trouble

NOVEMBER 16, 2017 | THE HERALD BULLETIN (INDIANA) | by Letter to the Editor

Like most Hoosiers, I grew up in a community that was home to factories that provided careers for thousands of Hoosiers.

In hard times, government watchdogs are often the first to get the ax

NOVEMBER 10, 2017 | GOVERNING | by Mike Maciag

The Pennsylvania Department of the Auditor General is tasked with keeping track of more than $30 billion a year in state spending.

Business transplants from Illinois a boon for northwest Indiana

AUGUST 31, 2017 | WFYI INDIANAPOLIS

A trucking company moving from Illinois to Indiana is the latest of dozens of companies that have made that switch in recent years.

This state used stolen funds to pay law enforcement

MARCH 8, 2017 | FEE (FOUNDATION FOR ECONOMIC EDUCATION)

By Brittany Hunter, includes "There is a very clear reason as to why law enforcement has so diligently defended the routine use of civil asset forfeiture: it's extremely profitable.

Constitutional requirement to balance state budget could go to voters in 2018

JANUARY 19, 2017 | WIBC-FM (INDIANA)

By Eric Berman, includes "You may get to vote next year on whether to require Indiana to balance its budget.

Indiana closes fiscal year with strong balance sheet

AUGUST 15, 2016 | WAYNEDALE NEWS (INDIANA)

Indiana Auditor Suzanne Crouch recently released the end-of-year financial data for the state’s 2016 fiscal year, which concluded on June 30

A Harvard professor weighs in on the great IL vs. IN debate

AUGUST 5, 2016 | CRAIN’S CHICAGO BUSINESS | by Austin Hall, Willy Shih

"Why has Illinois struggled while Indiana has enjoyed comparative success?"

State pension report mixed for Indiana

MAY 19, 2016 | THE JOURNAL GAZETTE (INDIANA)

"Sheila Weinberg, founder and CEO of TIA, also said the state is using outdated pension numbers and the actual pension debt is $13.5 billion."

Pence touts Indiana's modest debt load

MAY 18, 2016 | INDYSTAR

Indiana has a relatively modest debt load compared with other states, according to two new reports this week.

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