And the Wealthiest City in Lake County is . . ..

28 Jul

ImageGary.  Numbers from the Indiana Department of Local Government Finance show that the City of Gary had the largest certified cash balance of any city in Lake County at the end of 2012.  With a certified balance of $15,329448, the City of Gary had more than 50% more cash on hand than the runner up cities, Merrillville with $9.8M and East Chicago with $9.5M.  The City of Hammond had a negative cash balance of over $28M.  

Source:  http://www.in.gov/dlgf and https://gateway.ifionline.org/report_builder/Default2.aspx?rptType=budget&rptVer=a

The Northwest Indiana Gazette will feature a series on local government finance during its inaugural week, August 1, 2013.   Please like us on Facebook for updates.  

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2 Responses to “And the Wealthiest City in Lake County is . . ..”

  1. Natham Wright August 2, 2013 at 6:18 am #

    Niiiiiice! Then one would wonder why the senior citizens residence, are so worn. And the manager can’t get funding for simple elevator repair or replacement. Hmmm!

  2. Cody August 2, 2013 at 8:23 pm #

    Then why don’t they fix some of their major streets and help create jobs?

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