Indiana

C.I.B. Bailout Legislation All But Dead

By Abdul Hakim-Shabazz

Unless something happens in the next 90 minutes, legislaion that would have help bailout the Capital Improvement Board is dead.  House-Senate Conference Chair Phil GiaQuinta said the legislation could not get the four signatures it needed to move forward.  The latest version would have raised hotel, ticket and car rental taxes as well as added the new Marriott hotel to the downtown sports district.  There was little support for tax increases at the local level.  And there was almost no support for from outstate lawmakers to give up any state tax revenue.  This now leaves local officials looking for a way to fill a $47 million operational deficit with no outside support.

Full post as published by Indiana Barrister on April 29, 2009 (boomark / email).