From the Northwest
Indiana Times:
Clerk-Treasurer Chris Stidham told the committee that because of the state's economic development income tax collection error in 2011 and this year the city was shorted $416,732 and has been repaid that sum. In addition, the city's economic development income tax fund will receive a $400,000 bump in revenue this year.
That got the EDIT fund deficit down to zero and lowered the city's overall anticipated deficit this year from $1.9 million to $1.3 million, Stidham said.
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http://www.nwitimes.com/news/local/porter/portage/state-payments-help-narrow-portage-s-anticipated-budget-deficit/article_42bf4200-66e0-556a-b4eb-765332196d9d.html
