CIB Budget Gets a Little Better

CIB Budget Gets a Little Better

By Abdul Hakim-Shabazz

The President of the Capital Improvement Board says the agency’s finances are a lot better than they were back in 2007, even though it will have to dip into reserves to cover an estimated $20 million shortfall.

The municipal corporation approved a $147 million budget, which includes the costs of salary increases, health insurance and numerous capital projects for Bankers Life Fieldhouse and Lucas Oil Stadium.

However, Earl Goode tells Indy Politics the CIB has to prepare to cover the expenses of a number of prior commitments including a $37 million investor payment on Circle Center Mall in 2017.

Goode says once …read more

Via: http://indypolitics.org/2015/08/24/cib-budget-gets-a-little-better/

About author

You might also like

Politics 0 Comments

The Latest On Iran Deal: Obama Says Deal Provides New Way Forward

By Eyder Peralta In a speech from the White House, President Obama said that quite simply this deal keeps Iran from acquiring a nuclear weapon. » E-Mail This …read more

Indiana 0 Comments

Indiana Democratic Party 2-10-18 Weekly Radio Address Podcast

Chairman John Zody and the Indiana Democratic Party Weekly Radio Address: First, not a single bill to address Hoosiers’ stagnant wages is moving through the process. This is the most

Politics 0 Comments

Reclaim America’s Moral High Ground by Prosecuting Bush & His Cronies

For almost a decade and a half, the people behind the Bush administration’s shameful treatment of terrorism suspects have avoided punishment for their crimes. But that may be about to