Indianapolis Approves Budget, Pension Bond Sale

Carvltn, Elizabeth
September 2004
Bond Buyer;9/15/2004, Vol. 349 Issue 31969, p4
Trade Publication
The article focuses on the Indianapolis budget. The Indianapolis/Marion City-Council this week approved an $80 million fiscal 2005 budget that relies in part on the city's first sale of pension bonds� a $100 million sale that will help offset losses in revenues due in part to tax restructuring and anemic income taxes. The overall budget relied on several fee and penalty increases. In addition, the city will use $46 million of the projected $95 million fund balance that it expects at the end of 2005.


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