Howard County officials say a 10.4 million dollar check from Chrysler will help the city pay debt.
Officials say there have been no damage reports after an earthquake this morning south of Kokomo.
President Barack Obama and Vice President Joe Biden traveled to Kokomo Tuesday as part of their Main Street tour.
Tax collections are down this year in Howard County due in large part to Chrysler's bankruptcy.
An arrest warrant has been issued in Howard County in connection with a murder, rape, and kidnapping case in Kokomo going back four years.
Kokomo Mayor Matt McKillip says he will seek city council approval for his amended Economic Development Income Tax revenue spending plan.