How much cash reserves are enough? That’s the question Tippecanoe County officials are trying to determine. Members of the county council and commission are working out a five year financial plan before they begin crafting next year’s budget.
While the county has close to $20 million in its general and rainy day funds, a financial consultant wants there to be significant reserves in other funds too.
Commissioner Tom Murtaugh says they’ll have to find the right balance between maintaining steady revenue and increasing costs.
The Indiana Supreme Court ruled Tuesday it should not get involved in a lawsuit challenging the collection of fines handed down to House Democrats during their walkouts in the 2011 and 2012 sessions.
In a three to two decision, Chief Justice Brent Dickson wrote for the majority, ruling the fines imposed by House Republicans were internal matters of the legislature and not subject to judicial review.
Indiana will have a new high school equivalency test in 2014.
The director of the Lafayette Adult Resource Academy (LARA) says that means people in the midst of completing the GED exam need to act before December 31st. Trish Maxwell says if they don’t, they’ll have to start all over again.
Frankfort came up short in its quest to be an Indiana Stellar Community. This year’s designations went to Bedford and Richmond, instead.
The two cities put forth proposals totaling nearly $20 million each. The state will fund part of those initiatives with a variety of federal and state grants. Private partnerships also are part of the financing.
Frankfort Mayor Chris McBarnes said even if the city did not receive the funding package from the state, it would still move forward with its projects. Those include:
The Indiana Emergency Solution Grant, federal money aimed at helping the state’s homeless population, is facing a 23% cut due to the sequester.
The grant provides money to homeless shelters across Indiana. The Indiana Housing and Community Development Authority expected a 5% cut in federal funding, similar to other sequester reductions. But instead the state will receive $700,000 less for the upcoming fiscal year.