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Updated: Monday, 17 Sep 2012, 8:39 AM EDT
Published : Monday, 17 Sep 2012, 7:20 AM EDT
INDIANAPOLIS (WISH) - At a public meeting scheduled for Monday night, the City-County Council will continue its battle over a $65 million hole in the 2013 budget.
Mayor Ballard’s original proposal was unveiled in August.
To close the budget gap, his proposal calls for:
-Taking $17 million from the Rainy Day Fund
-Taking $10 million from a downtown economic development fund
-Using $20 million in money budgeted for, but not spent by, other departments
-Saving $8.1 million by eliminating the local homestead tax credit (This currently saves property tax payers about $24 per year.)
-Cutting raises, overtime and recruiting for both IMPD & IFD
The mayor said the city is taking in less money because of property tax caps and a higher unemployment rate, meaning less income tax revenue.
Monday’s meeting starts at 7 p.m. at the City-County Building.
A final vote is scheduled for October 15.
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