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Derivatives Analyst gives 2020 update on Carmel finances and S&P rating.
This chart would represent the impact of the City of Carmel if it were to spend no more Public Taxpayer funds for re-development.
The chances of that happening are zero.
The far-right column shows Total Debt obligations.
Additional information below added 3/12/2023
Note the spending did continue after 2019 and increased our debt.
Compare the debt increase in three years, two months, and nine days!
*Note 2023 planned debt in 2019 payments was $81 Million, but by 2023 the payment was up by $25 Million to $106.5 Million for one year.
Total Payment for years 2023 to 2028 is >$600 Million by 2023 Vs. <$480 Million planned in 2019.
A $120 Million increase in 3 years is $40 Million/year that was unplanned just three years earlier.
This is over 3 million dollars/month in new unplanned expenses.
