Ballard’s Final Budget

By Abdul Hakim-Shabazz

Ballard administration officials say their final proposed budget will leave the next administration in a strong financial position, because it will have helped reduce the city’s debt.

Mayor Greg Ballard will unveil the full details of the $1.1 billion spending plan this evening.

However, in a briefing this morning City Chief of Staff, Jason Dudich said the city is paying of its variable rate debt and the only debt left is that with fixed interest rates. The administration has paid down its variable rate debt by about $200 million since 2008.

By paying off the variable rate debt, the city is …read more

Via: http://indypolitics.org/2015/08/17/ballards-final-budget/