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Dear Editor:
Carmel’s civic debt bumped up another $31 million last week, suggesting this thought experiment.
Size the $1,308,777,300 outstanding obligation this way:
If you spent $1 per second beginning Jan. 1, you’d spend $1 million in a bit more than 11 and a half days.
By the end of the year, you’d spend about $31.5 million.
To spend Carmel’s total debt would take about 41 years, 172 days and 16 hours.
Begin at midnight Dec. 31, 2020 and end a little after 4 p.m. on June 21, 2062.
Get the picture.
Bill Shaffer
Carmel