Shaffer applauds Carmel for reaching new debt milestone

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Dear Editor:

Carmel reached a milestone this week and there was no joy in Mudville, to coin a phrase.

Carmel taxpayers achieved (if that’s the word) $1.5 billion in total debt, according to the Indiana Department of Local Government Finance.

As $733,000 was added to the lease rental column, City indebtedness reached $1,367.2 million, followed by $35.1 million Clay Township debt, $143.5 million in Carmel Clay schools debt and $2.4 million from the Carmel Clay Public Library, for a grand (if that’s the word) total of $1.549 billion.

Congratulations, my fellow non-mayors of Carmel, ever onward (if that’s the word).

Bill Shaffer

Carmel

1 Comment on "Shaffer applauds Carmel for reaching new debt milestone"

  1. I once told Brainard to his face “you are spending too much money”. Unfortunately most people just don’t care.

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