Localities in Indiana's Lake County to Borrow Despite Tax Feud

Carvlin, Elizabeth
December 2004
Bond Buyer;12/28/2004, Vol. 350 Issue 32038, p28
Trade Publication
The article reports that Indiana Bond Bank officials plan to bring about $650 million of short-term notes to market in January 2005 with about $100 million of that privately placed for Lake County municipal borrowers, thus ending a ban on those entities' ability to borrow through the bond bank. The bond bank will issue about $550 million of notes to replenish its regular pool of funds available for local entities. The bond bank barred Lake County governments from using its note program in May 2004 after a Lake County court ruled that the state reassessment of the county's taxes was unconstitutional and ordered the county to refrain from collecting taxes under the new formula.


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