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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.

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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