INDIANAPOLIS -- Mayor Greg Ballard sounded off against state legislators Tuesday for what he called their failure to adequately address the Capital Improvement Board's $47 million operating deficit as the clock ticks toward a midnight state budget deadline.

Indianapolis needs legislative help to plug the projected deficit, and Ballard said he is frustrated that lawmakers' latest plan would raise only $25 million annually.

Ballard sought an increase of admissions, car rental and hotel taxes to pay for the operation of Lucas Oil Stadium and other Indianapolis sporting venues.

Lawmakers only addressed the hotel tax increase, from 9 percent to 10 percent, in their latest proposal.

That increase, combined with $10 million in operating cuts, would cut into the funding shortfall, but would still leave a $12 million gap.

"It's problematic. It's disappointing, and frankly, the state's the loser. It's the state sales tax revenue really at stake," Ballard said. "I was very clear we need to get over this three or four-year hump. Then, we could re-look at it. If we can't do it with what they are making available to us, we are going to have to make some serious decisions."

Ballard admitted that he doesn't have a Plan B, and said the city will be forced to work with what it has. The mayor said he's concerned that the city's tourism efforts will suffer.