Pacers play on Indianapolis for 10 more years
Pacers are staying put in the Hoosier State. The NBA team reached a multi-million agreement with the city of Indianapolis to call Indy home for at least another 10 years. The agreement locks the team in through the end of the 2023-2024 basketball season; during those 10 years the city will pay a total of $160 million to the team. The multi-million price tag includes annual costs of $10.8 million for operating costs and $33.5 million for annual facility upgrades.
Bunker Hill barely spared of bankruptcy
Saved by the… tax refund is the story for Bunker Hill. The town escaped bankruptcy by a check from the IRS. The town has been running on financial fumes for the past three years – citing the former Clerk Treasurer Sarah Betzner who didn’t get state budget approvals for three years. According to Kokomo Tribune, Bunker Hill would have emptied the last amount of change in its pockets after next month’s pay roll for its eight employees. However, after a recent audit uncovered the town has overpaid on taxes since 2007 the town made calls to the state to get an expedited tax return of $32,000.
