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CARMEL INDIANA | NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT?

NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT? Did you know…. Every adult and child in Carmel is almost $12,000 in debt? 8230;all Carmel properties have been pledged as surety for City bond debt? State property tax cap limit of 1% has been circumvented. Levy of new property tax is now the option of bond trustees. Higher new tax rates are out of property owner’s control. Bond principle is not being repaid on major bond debt. Current bond debt will not be repaid for over 20 years.

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CARMEL INDIANA | NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT? | carmeldebt.com Reviews

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NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT? Did you know…. Every adult and child in Carmel is almost $12,000 in debt? 8230;all Carmel properties have been pledged as surety for City bond debt? State property tax cap limit of 1% has been circumvented. Levy of new property tax is now the option of bond trustees. Higher new tax rates are out of property owner’s control. Bond principle is not being repaid on major bond debt. Current bond debt will not be repaid for over 20 years.

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CARMEL INDIANA | NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT? | carmeldebt.com Reviews

https://carmeldebt.com

NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT? Did you know…. Every adult and child in Carmel is almost $12,000 in debt? 8230;all Carmel properties have been pledged as surety for City bond debt? State property tax cap limit of 1% has been circumvented. Levy of new property tax is now the option of bond trustees. Higher new tax rates are out of property owner’s control. Bond principle is not being repaid on major bond debt. Current bond debt will not be repaid for over 20 years.

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carmeldebt.com

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March 2015 – CARMEL INDIANA

http://carmeldebt.com/2015/03

NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT? Monthly Archives: March 2015. Did you know…. On March 29, 2015 by CarmelDebtAdmin. 8230;Every adult and child in Carmel owes almost $12,000? 8230;all Carmel properties have been pledged as surety for City bond debt? State property tax cap limit of 1% has been circumvented. Levy of new property tax is now the option of bond trustees. Higher new tax rates are out of property owner’s control. Bond principle is not being repaid on major bond debt.

2

We Don’t Need To Be or Want To Be Like Carmel – CARMEL INDIANA

http://carmeldebt.com/2015/04/12/we-dont-need-to-be-or-want-to-be-like-carmel

NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT? We Don’t Need To Be or Want To Be Like Carmel. On April 12, 2015 by CarmelDebtAdmin. Journal Review – February 18, 2015. Eighty round-a-bouts and a more than $918 million debt is that where we want to go? I received an interesting questionnaire through the mail from District 41 State Rep. Tim Brown. I am addressing two of the questions. It isn’t part of Brown’s (or my) district. I care because I don’t want that to happen in Montgomery County.

3

ABOUT US – CARMEL INDIANA

http://carmeldebt.com/about-us-2

NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT? Welcome to CARMELDEBT.COM and thank you for taking time to understand the financial picture of our city. The purpose of the site is to aquaint citizens of Carmel with the “money” aspects of city government. Our debt is complicated and it is growing. As a resident and taxpayer, you deserve to know about how our future is being predetermined by today’s borrowing and spending. We can do better. Paid for by the Constitutional Patriots*.

4

Explanation of the Bullet Points – CARMEL INDIANA

http://carmeldebt.com/explanation-of-the-bullet-points

NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT? Explanation of the Bullet Points. 2) The Official Statement of series 2012A and 2012B provides that the bond trustee require the Commission to levy the SBT should the Debt Service Reserve Fund fall below the level required. It is not clear, but it appears the Commission may, at its option, levy the SBT. The OS states that the Commission is not required to make payments from the Tax Increment Revenue received by the Commission.

5

April 2015 – CARMEL INDIANA

http://carmeldebt.com/2015/04

NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT? Monthly Archives: April 2015. On April 22, 2015 by CarmelDebtAdmin. Past behavior is the best predictor of future behavior. Each public official swears support to the Constitutions of the United States and the State of Indiana. However, sometimes elected officials don’t mean what they say. Worrell went on to say “I know I am doing to the best of my ability…the best I can for the Citizens of Carmel.”. Steven Libman found out how important his 4.

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CARMEL INDIANA | NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT?

NEARLY ONE BILLION DOLLARS IN DEBT – CAN YOU LIVE WITH THAT? Did you know…. Every adult and child in Carmel is almost $12,000 in debt? 8230;all Carmel properties have been pledged as surety for City bond debt? State property tax cap limit of 1% has been circumvented. Levy of new property tax is now the option of bond trustees. Higher new tax rates are out of property owner’s control. Bond principle is not being repaid on major bond debt. Current bond debt will not be repaid for over 20 years.

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