INDIANA (Indiana’s NewsCenter) - A bill that would bailout cities nearing bankruptcy is advancing through the Indiana legislature.
The Senate Judiciary Committee approved a measure that would allow city or county governments to ask for the appointment of an emergency manager to take over its finances.
That could be done after steps such as missing two consecutive payrolls or defaulting on bond payments.
What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.
© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.