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 This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.