Indiana County May Sell Property Amid Budget Woes Created by djackson on 4/5/2014 9:16:38 PM
NEW ALBANY, Ind. (AP): Officials in a financially-strapped southern Indiana county are weighing whether to sell off some county-owned properties and boost local income taxes to deal with a deepening budget crisis.
The Indiana Department of Local Government Finance has warned Floyd County that by the end of year, the county's $12.4 million general fund could have as little as $18,000 remaining.
County council members and the county's commissioners have prepared a short list of land and buildings that could be sold, including Floyd Memorial Hospital in New Albany.
Councilman John Schellenberger says he's receptive to also boosting the county's two income taxes.
Fellow council member Brad Striegel tells The Louisville Courier-Journal of Louisville, Ky.
there are several things the county could do to help its budget but "none of it's pretty.