Comments on Advance Indiana™: City Plans To Borrow Money To Pay Bisard Litigants' Claims

It also would be paid through an additional increa...

2013-02-06T18:27:39.957-05:00

It also would be paid through an additional increase in property tax rate, instead of from the normal revenue streams - so it would not cut into the ordinary spending.

It feeds money to the Bond Bank, whose expenses ar...

2013-02-06T17:52:20.993-05:00

It feeds money to the Bond Bank, whose expenses are not appropriated by the Council.

Pat, I believe I read where it will cost about $10...

2013-02-06T17:20:56.895-05:00

Pat, I believe I read where it will cost about $100,000 to issue the bond, plus interest. Spalding claims the bond will be paid off within a year. I don't know why they wouldn't shift money between funds rather than go through the expense of issuing a bond for that short of a period of time.

It looks like the proposal has been postponed by t...

2013-02-06T17:20:40.389-05:00

It looks like the proposal has been postponed by the committee until its next meeting. Maybe sane use of bonds is being discussed.

I'm guessing we are paying a $200,000 fee for ...

2013-02-06T12:57:10.736-05:00

I'm guessing we are paying a $200,000 fee for this bond. Any idea what the total taxpayer tab will be with intereste added in?

Learn to read a spreadsheet, bozo.

2013-02-04T23:16:58.110-05:00

Learn to read a spreadsheet, bozo.

"Cop pension money" is tax paid, you foo...

2013-02-04T08:38:09.068-05:00

"Cop pension money" is tax paid, you fool.

All monies required to be paid to settle cop claim...

2013-02-03T20:01:58.789-05:00

All monies required to be paid to settle cop claims should be paid out of cop pension funds, current and retired. If the payables reduce a retired cop's pension payments so that his income no longer cover expenses, all the better. Let the current cops be subject to many coercive and moderating influences.

The taxpayers should not be answerable until every dollar of cop pension money is exhausted.

Taxpayers should not be forced to answer for cop abuses.