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8 thoughts on “Carmel council OKs $60M in road bonds, continues questioning $65M for other projects”
Carmel spends far more money per capita than Indianapolis. By a factor of 8 or 9. Where is the state legislature to reign in their spending?
You are right, stop spending on infrastructure growth and improvements so we can deteriorate like Indianapolis. Good plan.
Carmel has the correct vision and the cashflow to keep Carmel the beautiful city it is.
I think you missed the point, David G. I am not against Carmel spending money, but I am pointing out that there is a double standard in the state legislature.
Indianapolis: *gets federal grants to pay for infrastructure improvements + transit lines so the city ends up spending less than the infrastructure improvements alone*
Indiana state legislature: iTs NoT fAiR tO tHe TaXpAyErS eVeN tHoUgH tHeY vOtEd fOr tHe mOnEy tO gO tO tRaNsIt lInEs.
Carmel: *takes out far more money in bonds for roundabouts than Indianapolis does for its transit lines*
Indiana state legislature: …well your mayor has an R next to his name even though he spends more than any other mayor in the state
And at the end of the day, Carmel is going to have to find a way to generate enough income to pay off their debt and maintain its infrastructure in perpetuity. In 20 years, its fancy roundabouts (that it will likely still owe money on) will be crumbling and houses in hastily constructed cookie cutter neighborhoods will be falling apart; Carmel will run into similar financial problems as suburban areas before it, like the far east side/Washington Square area. Unless it can drastically increase density, which Carmel residents largely oppose, or increase property tax, which is capped at 1% and Carmel residents also oppose it. Otherwise, people will move on to the next hot suburb.
Carmel resident checking in. The amount of money this city spends for what most cities would consider maintenance is astonishing. Not to mention opening up a city owned hotel, competing with other hotels and when banks wouldn’t finance it because they said there was no market need, in the middle of a pandemic.
But hey, our maskless mayor has an R next to his name so I guess we’re all good up here.
It’s like musical chairs around 465 over the course of a century until a place can get the density or tax revenue to maintain itself in the long term.
In Carmel’s defense, they’ve embraced density more than any other suburb. I’d guess that Downtown Carmel has more density than any other part of the metro area outside of Center Township.
Wesley –
Carmel has done a good job of make its downtown more dense, but Fishers is more dense overall and also has a dense downtown. There are parts of incorporated Clay Township that aren’t very dense and probably won’t get very dense.
Hopefully Carmel can continue to increase density Downtown and add density to auxiliary places like Homeplace. I don’t think there is much chance of increasing density in West Carmel.
I don’t think you need density in West Carmel. They can just continue to add density between Meridian and Keystone. In your earlier post, your referenced hastily built cookie cutter homes that will fall apart over time. Carmel doesn’t have an abundance of those. There certainly are quite a few, but much of West Carmel is made up of multi million dollar mansions. Those don’t depreciate much. A lot of that area is similar to Meridian Hills. I’d argue that Fishers, Noblesville, and Westfield are more likely to have future infrastructure problems that the Marion County townships currently have. There are vinyl villages all over the place that will completely fall apart and depreciate over time. Carmel also has the Meridian corridor which houses more companies than anywhere in Indiana other than Downtown Indy, so that helps it’s tax base tremendously.
With all of that said, I definitely agree with your points about debt and how the state treats democratic vs republican cities when it comes to spending.