Wednesday, April 11, 2012

Lake County Council Approves Loan

From the Northwest Indiana Times:

This year just got millions of dollars more expensive for Lake County taxpayers.

The Lake County Council gave its approval Tuesday to borrow $5 million to repair crumbling rural roads.


The state's support of local roads has remained frozen for the last nine years while the cost of paving materials has risen by 128 percent in the same period, Malczewski said.


The council gave its third and final approval to borrow another $8 million to resolve a number of lawsuits against the county, including $6.9 million to pay former jail inmates and their lawyers to settle a 2-year-old suit alleging crowded and unsanitary conditions within the jail's holding cells.

The council also transferred $2 million from a recent tax sale into a fund to cover $1.6 million in year-end salaries and benefits for the 27th pay period of 2012.