Indiana

In Search of $17 Million

By Abdul Hakim-Shabazz

With $30 million down, state and local officials are looking to close a $17 million funding source gap for the Capital Improvement Board.  With things still fluid behind the scenes, no one was willing to go on the record, however talks have centered as of late on how to close $17 million of the $47 million gap.

All parties seem to agree on including the Marriott in the downtown sports district and increased taxes on tickets, hotel and motel rooms and rental vehicles.  However, that doesn’t quite close the deal.

Governor Mitch Daniels says he will unveil a proposal to address the CIB funding shortfall in the budget.  Details on that could be available later this week.

There is still discussion of using increased alcohol taxes to close the $17 million gap and adding table games at the Anderson and Shelby casinos to raise revenue as well.

One thing that seems pretty certain is that the Indianapolis Colts and Pacers won’t be contributing anything to help close the operational shortfall.

Full post as published by Indiana Barrister on May 11, 2009 (boomark / email).