"The Distressed Unit Appeals Board will meet at 1 p.m. May 20 on the ninth floor conference room of 1 N. Capitol in Indianapolis. The panel heard Gary's initial plea during a Jan. 5 hearing that spanned more than six hours.
A city consultant estimated earlier that City Hall, the Gary airport, sanitary and stormwater districts, and public bus agency collectively stand to lose $36 million this year to the new state tax caps. Other estimates have suggested smaller losses."
Frankly, the Distressed Unit Board should have ruled a month or more ago. This process has stretched far too long into 2009 and now I'm sure Gary will ask that any cuts be pro-rated since we're so far into the year. Another classic example of a good idea that goes awry. Remember this is the first ever DUB filing and ruling for the State of Indiana ... hopefully in the future the board will gather information quickly and rule quickly.
