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Indiana

: Indiana Barrister

Daniels, Ballard to Unveil CIB Plan at 3:30 p.m.

By Abdul Hakim-Shabazz

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Governor Mitch Daniels and Indianapolis Mayor Greg Ballard are expected to unveil their plan to solve the Capital Improvement Board’s $47 million shortfall this afternoon at 3:30 p.m. at the Statehouse.

There are no new broad-based taxes and the plan relies heavily on cuts and “creative” revenue streams, but I am hearing the plan may not fully solve the CIB’s funding problems if the economy continues to stay south; revnues were down 8-percent last year which could leave a $10 million shortfall.

I’ll blog more later today.

Full post as published by Indiana Barrister on June 04, 2009 (boomark / email).

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