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