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Gary School Corp. to borrow nearly $29M
GARY | The Gary Community School Corp. will need to borrow $28,951,113 in tax anticipation warrants to keep schools afloat financially until property tax revenue is distributed in June and December.
East Chicago taps Indiana Bond Bank to ensure funding for next year
EAST CHICAGO | The City Council on Monday offered preliminary approval for a line of credit to hedge against the possible late distribution of property taxes next year.
Valpo survives low tax collections by underspending
VALPARAISO | Somehow the city was able to make more with less in 2011.
Valpo OKs borrowing to pay 2012 bills
VALPARAISO | The city's $3.7 million rainy day fund isn't enough to pay to run the government until the first property taxes are received next year, so the city is planning to borrow to make ends meet.
BRIAN HOWEY: Lugar bucks Mourdock's June swoon
As U.S. Sen. Dick Lugar and Indiana Treasurer Richard Mourdock were making their 11th hour appeals prior to the June 30 Federal Election Commission report deadline, six people were arrested in Moldova trying to sell more than 1 kg of uranium-235 for $20 million. "Police have learned that the…
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