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Daniels burns mortgages to mark lower Indiana debt

Associated Press
October 17, 2012
Keywords
Elected Officials, Elections, Government, Government & Economic Development, Governor, State Government
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Indiana Gov. Mitch Daniels says the state government's debt for construction projects and other expenses has dropped by more than half during his eight years in office.

Daniels and other state officials on Wednesday marked the early completion of payments on 10 state facilities by ceremonially burning the mortgage paperwork in a trash can outside the Statehouse.

The governor's office says the total state debt has gone from $3.6 billion to $1.7 billion since early 2005. That debt includes financing for buildings and roads and delayed payments to school districts and universities.

The paperwork burned included that for two office buildings and two parking garages near the Statehouse, White River State Park in Indianapolis and prison facilities in Pendleton, Rockville, New Castle and Plainfield.

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  • Sad
    RichOctober 19, 2012 1:16 AM
    We will not have a better Governor of Indiana in my lifetime and I am only 33. Gov. Daniels has saved this state from bankruptcy and put it on a bright fiscal path to the future.
    Reply to CommentFlag Comment
  • thankyou for a job well done
    thomasOctober 17, 2012 8:26 PM
    thankyou so much for a job well done,i would vote for you to be president,but we have to get all the clowns out of dc so you can do your job without the bickering,they need all to go,so we can get this great country going again.
    Reply to CommentFlag Comment
  • Mcdaniels
    TarenOctober 17, 2012 7:49 PM
    Yeah, and the roads are the worst they have been in 8 years.
    Reply to CommentFlag Comment
  • Tell the whole story
    Frank AbagnaleOctober 17, 2012 7:22 PM
    Does the $1.7 bill include or exclude the $ 2 bill owed to the Feds for shoring up IN unemployment fund. Are unfunded state pension obligations discussed? Why not? Why not disclose the state leases Mitch and his minions gave to Bales and others. Is that in the billions?
    Reply to CommentFlag Comment

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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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