St. Charles must limit indebtedness
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.
The mayor and city council have done this and usually in unison. They all need to be replaced.
Gene Kalley
St. Charles
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.