Indiana Big-City Mayors Push ED Plan

There is more urban economic development that needs to be done in Indiana and the state's 20 big-city mayors are pushing state government to help more.

The mayors want Indiana lawmakers to build on last year's tax restructuring and give businesses and municipalities more tools to help create jobs. New jobs would aid state and local finances because of an increase in income tax revenue.

The current economic development initiative under consideration is contained in House Bill 2008, which is a blend of the governor's Energize Indiana plan and House Republican efforts.Right now that bill provides about $350 million in economic development spending over the next 10 years on several key business provisions and programs. It is proposed that the plan be funded through the bonding of Indiana's future tobacco settlement payments.

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