Shaffer questions Carmel Clay Schools’ impetus to borrow

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Dear Editor:

Carmel voters are being asked to give its school board a blank check to borrow up to $62 million a year to offset what it claims is a $10 million shortfall in revenues.

With $350 million in debt and a proposed $55 million facility bond in referendum the works, school officials admit they can cut a mere 3.7 percent of the $266 million 2027 budget.

Enrollments aren’t growth but official love affairs with debt are growing faster.

Bill Shaffer
Carmel