"As I traveled around the state, many mayors, town board presidents and other officials told me that the flooding has really caused them some cash problems. They have things they need to do in the near term. This is a way we can get $620 million of cash to the counties and then to the localities of the state so they don't have to borrow money to deal with the immediate needs," Daniels said.
Daniels' fiscal policies the past four years are a reversal of what they were for nearly 16 years under Democratic governors, who often withheld payments due to local governments to help balance the state's budget. That equated to borrowing from local governments and contributed to the problem of rising property taxes.
There's news today on the repairs at Columbus Regional Hospital, which was badly damaged due to flooding. There were erroneous reports earlier that the hospital would have to be rebuilt. Although that isn't the case, repairs will still cost nearly $125 million. Fortunately, the hospital just happened to have $130 million sitting in a savings account to pay for the repairs. Hmmm. The hospital hopes to reopen in August. All employees are being paid as if the hospital was fully operational.