Tuesday, August 17, 2010

Indianapolis 2011 Budget Preview: Less Tax Revenue, Drop in Assessed Value

No different than most other places, in other words.

Link to August 17 Indianapolis Star article, "Police, fire budgets could take a hit".

Excerpt: The city is facing its most grim financial forecast since Mayor Greg Ballard took office in 2008, and all departments are expected to share in that pain.

"Revenues are sufficiently down (enough) that we've been looking at those operations to see if we can find efficiencies," said city Controller David Reynolds. "At some point when your revenue gets stretched, you've got to be able to look at all opportunities.

Indianapolis is looking at a projected property tax shortfall of $32,000,000.

Related article (not apples to apples, but....):
$33,500,000 Bailout for Indiana Pacers While Libraries Get Squeezed. (7/12/2010)

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