In his second state of the city address, Mayor Greg Ballard warned that Indianapolis faces a budget deficit and an infrastructure crisis.

“Indianapolis is on the cusp of a potential fiscal and infrastructure crisis unlike any in our lifetime,” said Ballard, a Republican and political neophyte who won the mayor’s office in 2007 in a surprise defeat of incumbent Democrat Bart Peterson. “The state of our roads and bridges is nowhere near acceptable, our city’s infrastructure is crumbling, and we are paying millions of dollars in interest on short-sighted deals that adversely affect our budget.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.