Mayor: state audits show city finances improving

Terre Haute's Mayor says two state audits show the city's financial picture has shown drastic improvement.

Posted: Aug 23, 2018 6:09 PM

TERRE HAUTE, Ind. (WTHI) - Terre Haute's Mayor says two state audits show the city's financial picture has shown drastic improvement. Mayor Duke Bennett told News 10 the State Board of Accounts audited city financial records from 2016 and 2017. 

Mayor Bennett said the state removed its "growing concern" label regarding city finances. Bennett described this label as the state's way of saying this is a situation it chooses to monitor closely. He talked to us about the removal of that label.

"When they removed that, you talk about removing a burden," Mayor Bennett told us. "The unsaid part of it is the best part."

Mayor Bennett said two city funds remain in the red: Rea Park and Hulman Links golf courses. The Mayor said they're taking steps to remedy those deficits. Meanwhile, the city will now work to build reserves in each of its funds.

Article Comments

Terre Haute
Overcast
24° wxIcon
Hi: 33° Lo: 21°
Feels Like: 16°
Robinson
Broken Clouds
23° wxIcon
Hi: 32° Lo: 20°
Feels Like: 23°
Indianapolis
Overcast
25° wxIcon
Hi: 31° Lo: 19°
Feels Like: 18°
Rockville
Overcast
24° wxIcon
Hi: 32° Lo: 20°
Feels Like: 16°
Casey
Clear
15° wxIcon
Hi: 32° Lo: 21°
Feels Like: 8°
Brazil
Overcast
24° wxIcon
Hi: 33° Lo: 20°
Feels Like: 16°
Marshall
Overcast
24° wxIcon
Hi: 33° Lo: 20°
Feels Like: 16°
Cold conditions and a sunny sky.
WTHI Planner
WTHI Temps
WTHI Radar

Latest Video

Image

Tuesday: Mostly sunny, slightly warmer. High: 34

Image

GBB South Put vs NC

Image

Crews respond to house fire in Vigo County

Image

How to beat the winter blues

Image

Garrett Sands Kindness Project to collect donations for prom dress giveaway

Image

MLK Youth Summit

Image

ISU hosts candlelight vigil

Image

ISU Students give back for MLK Day

Image

Wabash Valley teacher killed in crash

Image

Accident on US 41 involving tractor and car ties up traffic

WTHI Events