Give Now

Delays, Closings and Severe Weather - View All Alerts and Updates

Chrysler Group Payments to Howard County

Howard County officials say a 10.4 million dollar check from Chrysler will help the city pay debt.

Kokomo downtown

Photo: WFIU News Staff

Chrysler still has about four years left to pay the remaining 5.1 million dollars it owes Howard County.

Howard County has been receiving regular payments from Chrysler Group for property taxes that the company did not pay in 2009 and 2010. Treasurer Martha Lake says that Howard County schools had to take out loans from the state when they did not get their cut of that money.

“Actually this is money that would have been operation money in 2009 and 10. This would have been taxes that would have been due in 09 and 10. And so for the units that had to receive loans, and that was our schools. They will be reimbursing for the loans that they have had to borrow,” said Lake.

Lake says the missing Chrysler cash was one factor in the county running a deficit in 2009 and 2010. The 10-point-4 million dollar payment will also trickle down to county and city governments. Lake says Chrysler still has about four years left to pay the remaining five-point-one million dollars it owes.

Claire Murphy

Claire Murphy Claire Murphy is a graduate of Indiana University with a major in Telecommunications and a minor in Business. Claire has recently joined WTIU as a Multi-Media Journalist in the news department. She has had previous internships with NBC Sports and CBS Sports working as a Production Assistant. Claire is also an alumni member to the Phi Mu Delta Alpha Chapter in Bloomington, Indiana.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Business & Economy Stories

Recent Videos

Find Us on Facebook