Posted on 09/09/2009 11:59:55 AM PDT by John W
NDIANAPOLIS | The city of Gary is more than $4 million overdrawn and the effect of Indiana's property tax caps "raises substantial doubt about the city's ability to continue as a going concern," according to a new state audit.
At the same time, auditors found Gary paid hundreds of thousands of dollars in questionable food, travel and personal expenses for city officials in 2008, even as those officials begged the state to allow the city to impose higher property taxes.
Riverboat gambling revenue is keeping the city afloat, with more than $12 million in state gaming taxes going to pay the city's day-to-day expenses last year. Even so, the city still owes more than $2.5 million in employee health care bills and has fallen behind on many of its other bills, according to the 157-page audit report prepared by the State Board of Accounts.
(Excerpt) Read more at nwitimes.com ...
A fine example of one party Democrat rule just like Washington these days.
Perhaps they can be annexed by Chicago.
Does the word “Audit” come to mind?
Well, yeah. It is in the title of the thread, after all.
Maybe you meant to say “Audacity”.
We need pictures to help determine guilt or innocence.....Sorry, I withdraw the racist comment. But, the NY Governor is blind and called whites racists (and he can’t even pick ME out of a police lineup)........In that case, I withdraw the withdrawl!
Race GARY
One race 100985 98.29%
White 12245 11.92%
Black or African American 86340 84.03%
American Indian and Alaska Native 213 0.21%
Asian 140 0.14%
RAce DETROIT
One race 929229 97.68%
White 116599 12.26%
Black or African American 775772 81.55%
American Indian and Alaska Native 3140 0.33%
Asian 9268 0.97%
sell the cesspool to the highest bidder and hand over the deeds.
I may be wrong but I thought I read something like that here......
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