TERRE HAUTE, Ind. (AP) _ A state audit of Terre Haute's finances has found that the southern Indiana city suffered recurring losses that raise doubts about its ability to continue to operate as a municipality.
The Tribune-Star (http://bit.ly/1mfGvTi ) reports that according to the audit, a decrease in property taxes has played a large role in the overall financial decline. It notes that Terre Haute is one of the cities hit hardest by reductions in property values and property tax caps.
Mayor Duke Bennett says the audit presented no surprises, and that the city has proposed plans to reduce expenditures and increase revenue, including fees to process sludge from other areas and a trash disposal fee. He said the city will also lobby for a food and beverage tax.
