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posted: 10/13/2012 4:40 AM

St. Charles must limit indebtedness

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The Daily Herald Oct. 3 article, "72 Towns In The Red" is bringing attention to a serious problem. Towns are going heavily into debt.

However, this article did understate the St. Charles total debt to be $87,454,018 and per capita debt to be $2,652. Page 128 of this year's budget lists the total debt to be $136 million and per capita debt to be $4,123. This debt is three times the debt 10 years ago and is causing the city to plan for deficits for years to come.

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The mayor and city council have done this and usually in unison. They all need to be replaced.

Gene Kalley

St. Charles

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