Marion Unable to Repay Debt

By Dustin Garlinger

January 8, 2013 Updated Jan 8, 2013 at 6:28 PM EST

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.

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