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.

© Copyright 2016, A Quincy Media broadcasting station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.