Shaffer: Hamilton County becoming state capital of public obligations

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Dear Editor:

The extent of Carmel’s public debt keeps growing and growing.

According to the Indiana Department of Local Government and Finance tallies, Carmel taxpayers are on the hook for:

• $1.6 billion in city and redevelopment authority debt;
• $307 million in school debt;
• $104.8 million in township debt; and
• $25.8 million in library debt.

That totals $2.1 billion for a city of 103,093 residents, or nearly $20,000 for every man, woman and child living there.

Fishers, Noblesville, and Westfield are following suit, making Hamilton County the state capital of public obligations.

Bill Shaffer
Carmel