Indianapolis Mayor Greg Ballard tells Indy Politics that he is not running for a third term.

In his office this afternoon Ballard said after eight years it was time to move on. He says he was not phased by Tuesday’s Democratic victories in Marion County. He cited polling that had his approval ratings in the 70s.

Ballard says he is proud of the work he has done particularly with getting the city through the recession and work done to improve the city’s infrastructure.

A formal announcement will take place tomorrow at 12 at City Market.