A medical helicopter was requested to the scene of an accident …
(WISH file photo)
Kokomo police arrested four dances from two Kokomo strip clubs …
Whitestown officials say they hope to realign Perry-Worth Road …
Advertisement
Health costs have city in hole
Updated: Tuesday, 08 Jan 2013, 1:10 PM EST
Published : Tuesday, 08 Jan 2013, 1:10 PM EST
MARION, Ind. (AP) - A north-central Indiana city has started the new year with virtually no money on hand after its mayor says the community was buffeted by rising health care costs.
Marion began 2102 with $2.3 million in cash reserves but ended it with just $44,000, leaving it unable to repay a $1 million short-term loan from Marion Municipal Utilities.
Controller Cindy Wright tells the Chronicle-Tribune the city is working to repay that loan as soon as possible.
Mayor Wayne Seybold says the numbers show Marion's fiscal "disaster" came mostly from health insurance, not administration overspending. Marion's health insurance reserve fund that supports city workers' coverage went from a $2 million deficit to a $5 million deficit last year.
Seybold says Marion is poised to rebuild its finances during 2013.
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement
Advertisement
More on WISHTV.com
-
A railroad bridge on the northern edge of the Texas Hill Country came crashing down after…
-
MANILA, Philippines (AP) — Dan Brown's description of Manila as "the gates of hell" in …
-
WASHINGTON (AP) — A Massachusetts congressman says investigators still don't know whether…
-
Learn more about the people who appear on air at 24-Hour News 8.
-
See the stars of the blockbuster franchise on the red carpet.
-
See the stars of the blockbuster franchise on the red carpet.
-
Great White featuring Jack Russell will play at Hard Rock Café tonight at 9:30pm get your…
