Carmel City Council to consider refinancing plan

Mayor Jim Brainard (WISH Photo)

CARMEL, Ind. (WISH) – Carmel’s City Council expects to consider a proposal on Monday that would allow the city to refinance some old debts.

Mayor Jim Brainard said his administration wants to take advantage of a window that allows such a change.

He said it is just a way for the city to save money.

“Simply a lower interest rate, which will save the taxpayers several million dollars between now and when that debt’s paid off, and we’d be remiss, if we didn’t take advantage and refinance that debt,” Brainard said.

Brainard said he expects the council to approve the refinancing plan, and he said the savings will go to Carmel’s General Fund. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

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