Hello, I Must Be Going
I’m taking some time off and will be gone until August 13. I’ll have some interesting items when I get back, but for now I want to leave you with a few things to ponder.
Indianapolis’ credit rating has been downgraded. Moody’s Investor Services has lowered the city’s bond rating to Aa1 from AAa because of the “nature and magnitude of fiscal challenges facing the city.” A lower credit rating makes it more expensive for the city to borrow money.
The Mayor is going to unveil his budget for the city next week. It’s been reported the city will have a $52 million shortfall in property tax revenue because the Governor threw out the most recent tax assessment. City officials have bragged about how they have held the line on spending, which makes me wonder how they managed to spend more money, even after the Mayor ordered a $13 million cut in non-public safety spending.
The new central library continues to be a point of contention that Library President Lou Mahern sent the City-County Council a memo of talking points that are used to defend the Library Board’s practices. He also calls the new library a “bargain” for taxpayers.
And to end on a happy note, we helped raise more than $10,000 for Gleaners food pantry this morning. It’s good to know there are a lot of kind-hearted Hoosiers out there.
Those are just a few things. I’ll have some more interesting tidbits when I come back and one of them is about Wilson46201.
See you later.
