Shaffer awaits Carmel’s 2019 financial report with “fear and trembling”

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Dear Editor:

As Hamilton County residents await the 2019 updates to the State of Indiana on local financials, Carmel residents await them with fear and trembling.

The audited and approved Carmel Annual Financial Report for 2018 disclosed at $111.3 million deficit of revenues and expenditures.

The 2017 number was $84.8 million.

Two-year total expenditures of nearly $200 million in money borrowed without voter consent to buy solutions to problems that don’t exist.

That’s deficit spending on steroids.

Bill Shaffer

Carmel