In the midst of running his current Carmel City Council campaign and as current Carmel City Councilperson, Jeff Worrell speaks to Carmel residents about debt.
Worrell
“Debt is a topic that is often brought up whether in neighborhood chats, social media or residents proactively reaching out to the council with questions,” Worrell said.
Worrell decided to address the debt concerns through a fact filled video. You can see it at bit.ly/CarmelDebt.
Factually, Carmel has the fifth-lowest tax rate in the state of Indiana. Carmel has an annual revenue of $98 million and debt service is just 19 percent.
Not only do other cities look to Carmel as a leader in economic structure, Carmel also has a balanced budget every single year, an $8 million rainy day fund, $56 million left over in accounts at the year end, and Carmel’s bonds are coveted in the open market, along with no deficit spending.
“You have to consider the revenue Carmel has,” said Worrell. “Debt in relation to income is an important tool that drives Carmel’s economic engine and keeps resident’s property taxes low.”
Worrell invites Carmel residents to join him in an open discussion, “coffee meetup” to specifically answer questions related to debt on Monday, April 22. The first coffee meetup will take place from 7 to 10 a.m. at Hubbard & Cravens in Carmel and the second will take place from 7 to 8 p.m. at Starbucks, 2810 E. 116th St., Carmel.