Since being re-elected to a SIXTH term in 2015 Mayor Brainard has indebted Carmel citizens an average of $10.9 million EACH MONTH. Overall debt is up 47% in just 39 months.
Fear not all is not lost! We have a spectacular new hotel, backed entirely by a Special Benefits Tax, under construction. *Financing yet to be secured
Over that same period we’ve paid Coury Hospitality hundreds of thousands of Your Dollars to say nice things about Carmel and to comfort all of us…
In April of 2015 before Brainard was reelected I copied the Indiana Department of Local Government Finance (DLGF) debt numbers for Carmel.
Below are the DLGF debt numbers for March 27, 2019.
On March 27,2019, just 3 years later the debt is $1,339,772,508.
That is $1.34 Billion U.S. Greenbacks folks!
That is a difference of $426,040,955 over 30 months or an average spend of $10,924,127 EACH and EVERY month.
Here Henry explains why we must buy the Monon Square Shopping Center if we don’t some ‘Private company’ may meet or exceed our offer and ‘build something that doesn’t meet our zoning standards’.
