Marion Unable to Repay Debt

By Dustin Garlinger

January 8, 2013 Updated Jan 8, 2013 at 7:28 PM EDT

MARION, Ind. (www.incnow.tv) - The community of Marion is now unable to repay a $1 million short-term loan from municipal utilities.

After beginning the year with a $2.3 million reserve, the city ended 2012 with just $44,000.

Mayor Wayne Seybold stated that over-spending was not the cause of the lack of funds and blames the cost of rising health insurance for city employees.

What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from 21Alive.com are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!

Powered by Summit City Chevrolet

© Copyright 2015, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.