The city of South Bend’s finances seem to be in fine form, in Monday night’s State of the City address Mayor Pete Buttigieg announced a surplus for the 2012 fiscal year.
By taking in more money than it spent, South Bend earned a AA rating from Standard & Poors, the highest credit rating possible in Indiana.
The good news of the surplus was overshadowed by issues in Rum Village as Mayor Buttigieg addressed the concerns of residents near the bankrupt New Energy power plant who have been dealing with flooding and other issues since the plant closed.
The ethanol plant stopped pumping millions of gallons of water out of the ground when it shut down. Since then, the water level has risen and leaked into people’s basements in the surrounding area.
“A lot of people are pointing at the mayor's office saying we've got a magic wand to fix it with,” said Mayor Buttigieg, “We don't. But, I'm going to do everything we can, everything we responsibly can as a city to try to make sure we're there for them connect them up to resources that will help get them the latest information and see what we can do from an engineering perspective too.”
While Buttigieg pointed out that it is technically not his job, or the city’s job, to fix the flooding, he says it has become a topic of discussion every day.
One of the possible solutions mentioned included using funds from the abandoned homes program to put toward lowering the water levels.