Carmel council cuts budget

(WISH Photo)

CARMEL, Ind. (WISH) – Carmel decided to cut its city budget, on Monday night.

The council and the Mayor agreed to trim next year’s General Fund spending by $1.3 million. The decision reflects debt concerns presented in an I-Team 8 report last week.

“I don’t see any problem with exercising some prudence,” said council member Rick Sharp. He said “the simple fact is that, for several years in a row, our revenue projections have not been equal to what the revenue actually ended up being.” Sharp is considered a potential challenger for incumbent Mayor Jim Brainard.

Curt Coonrod, a consultant for the City of Carmel, acknowledged the existence of some different revenue estimates. But, he added “the numbers don’t differ that much.” Some have been “reconciled” so “they don’t differ any more.”

Mayor Brainard agreed to take that money from bond payment appropriations.

With the council’s approval of that adjustment, the General Fund budget for Carmel will be $78,325,108.

The council also listened to a presentation about Phase Two of the City Center project in downtown Carmel.

Corrie Meyer, head of the Carmel Redevelopment Commission, said that project would call for private investment of $80 – $100 million. The development would be 66 percent residential. The rest would be commercial and office space. A three to  four story parking garage is also part of the plan.

That proposal was assigned to a council committee for further discussion.

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