Letters to the Editor do not reflect the opinions of The Reporter, its publisher or its staff. You can submit your own Letter to the Editor by email to News@ReadTheReporter.com. Please include your phone number and city of residence. The Reporter will publish one letter per person per week.
Dear Editor:
For the second year in three, Carmel’s local government spent more than in took in – $17 million to be exact. In 2023, they overspent by $45.7 million.
In both cases, the major single source of revenue came from borrowing – redevelopment bonds, chiefly.
As other Hamilton County cities are trying hard to imitate Carmel, their taxpayers can go to school on Carmel’s inability to balance the books.
Virtually all debt came about without taxpayer approval.
And the sky’s the limit for borrowing and spending “servants of the people.”
Bill Shaffer
Carmel