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Dear Editor:
A total of 116 Indiana townships have reported their debt levels to the Indiana Department of Local Government Finance.
One of them – Clay Township in Hamilton County – reported it carries 60 percent of the load ($122 million of $204.3 million total).
That’s 47 percent of the principal the 116 have borrowed, 77 percent of the interest and 68 percent of the lease payments.
Clay Township is Carmel and Carmel is Clay Township. Even by Carmel standards, 60 percent of the load is a bit much.
Bill Shaffer
Carmel