Muncie Debt

Muncie Debt History 2011-2018

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Muncie, IN

As we were sifting thru the Muncie Politics files we found an editorial written after McShurley lost the election.   The editorial ended with McShurley saying she is leaving the city in better shape than when she took office.    The writers of the editorial concurred.  This piqued our interest and decided to see if it was an accurate statement.

Mayor McShurley announced in 2011 during the Chats with the Mayor there was enough money to provide raises/or bonuses to every employee.  At the end of her term, she said there would be enough money to fund the MFD if the SAFER grant was not renewed.  These comments infuriated Dennis Tyler’s supporters and they lost no time calling her a liar and various other vulgar adjectives.

Was it a lie?  She did leave the city with $8 million and it was confirmed by the audit Mayor Tyler’s administration commissioned.  Government reports showed a minimal amount of debt.    Of course, we knew the debt was Tuhey Pool.

The debt spiked in 2013 and it appears the city borrowed money and the next year paid off some debt.  This is the only logical explanation minus a clerical error, which is doubtful.  So, listed is the principal debt only (no interest) owed by the City of Muncie and MSD.  If you want more complete detail,  simply click on the link directly below each year. 

Oh yea, 2013 is the year Mayor Tyler appointed Todd Donati as the MRC director.  

Pulled up the Annual Financial Reports for 2011 & 2018 and searched for accounts which had a negative beginning or ending balance.  The search showed 2011 with 10 negative balances and 2018  having 25 negatives.  You will find the full Annual Reports for 2011 and 2018 at the end of this post. 

All the data is from the Indiana Transparency Portal and based on the financial reports submitted to the State of Indiana from the City of Muncie and Muncie Sanitary.  The city, knowing the revenue was declining, the debt growing and the insatiable need to use taxpayer-funded-monies for personal and party gain had no recourse but to increase taxes 43% in 2015.

If you’re reading this and a candidate for a city position, you may consider taking some time to review the documents.  After all, should you win, this will be your baby to diaper.

Muncie Civil City, Delaware County, Indiana
Total Outstanding Debt Obligations

As of 3-16-19

Muncie City: Principal & Interest Debt as of Mar. 16, 2019 $69,899,513
Wastewater: Principal & Interest Debt as of Mar. 16, 2019 $177,301,243
Muncie Civil City, Delaware County, Indiana

Debt Statement – 2011-2018

Muncie City: Ending Principal Balance as of Dec. 31, 2011 $2,682,274.00
Wastewater: Ending Principal Balance as of Dec. 31, 2011 $22,530,000.00
Muncie City: Ending Principal Balance as of Dec. 31, 2012 $2,760,000.00
Wastewater: Ending Principal Balance as of Dec. 31, 2012 $22,530,000.00
Muncie City: Ending Principal Balance as of Dec. 31, 2013 $53,596,000.00
Wastewater: Ending Principal Balance as of Dec. 31, 2013 $66,297,638.00
Muncie City: Ending Principal Balance as of Dec. 31, 2014 $39,897,615.09
Wastewater: Ending Principal Balance as of Dec. 31, 2014 $71,096,393.00
Muncie City: Ending Principal Balance as of Dec. 31, 2015 $38,236,432.09
Wastewater: Ending Principal Balance as of Dec. 31, 2015 $77,435,645.00
Muncie City: Ending Principal Balance as of Dec. 31, 2016 $ 38,562,681.56 
Wastewater: Ending Principal Balance as of Dec. 31, 2016 $137,838,344.85
Muncie City: Ending Principal Balance as of Dec. 31, 2017 $ 37,706,163.00
Wastewater: Ending Principal Balance as of Dec. 31, 2017 $139,133,585.36
Muncie City: Ending Principal Balance as of Dec. 31, 2018 $ 35,997,466.75
Wastewater: Ending Principal Balance as of Dec. 31, 2018 $137,251,590.57
Annual Financial Reports
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The Circle of Strife 2008-2011

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Thomas Jefferson No constitution defies our concience“I’ve learned one thing when it comes to local government – Muncie moves forward when we all work together. The past four years have been frustrating for all of us. Whenever elected officeholders had differences during Mayor Dan Canan’s administration, we always worked together in a respectful and bipartisan manner for the best interests of our city. I am eager to get back to what is best for Muncie a collaborative effort of all local officials working together to improve our community. It is the only way we can make Muncie a city that we can be proud of. ” Alison Quirk People before Politics 2011 campaign flyer.

“Giving Volume to Your Voice.”  Nora Powell  2011campaign slogan.

“Imagine the possibilities if we all worked together.” Dennis Tyler 2011 campaign slogan.

What does this have to do with current city business?  Much.  It’s no secret the animosity between McShurley and most city council members from 2008-2011.  She just couldn’t get along with anybody, was their mantra.  This is only one part of the story.  The second part of the campaign was all about working in Muncie’s best interest.

There is no denying the ideologies of Sharon McShurley clashed with those of Muncie City Council.  Was it the ideologies, or was it a Republican beat their candidate and therefore everything she presented created a backlash?  Well, let’s see.

A shortlist of ideas hindered by Muncie City Council:

  1. Downtown parking
  2. Prairie Creek improvements
  3. Channel 60
  4. Tuhey Pool
  5. Quiet Zone
  6. Pursuing $4 million in grant money
  7. County Animal Control (2008 proposal)
  8. Repairs at City Hall
  9. Downtown hotel
  10. Purchasing firetrucks

Nearly everything on this short list would have benefited the citizens of Muncie.  Note #5 and #6 would have helped to facilitate #9.  At this time the downtown hotel was the Roberts.  Without the quiet zone, Roberts was a hard sell.   #6 would have gone a long way in financing the quiet zone.

A short list of ideas by Dennis Tyler and approved by Muncie City Council.

  1. Downtown Horizon Center Garage Project $14 million (2014)
  2. Prairie Creek improvements $4 million (City Hall HVAC and Bathhouse 2013)
  3. Channel 60 back on the air with an increase in funding and one employee with benefits.
  4. Mike King broke the vote to finance Tuhey Pool.
  5. Quiet Zone (see #1).
  6.  Not pursued by the current mayor or council.
  7. County animal control.
  8. City Hall was repaired with contracts awarded to Craig Nichols, City Building Commissioner.  He did many of the “emergency repairs”.  He has 34 felony counts against him.
  9. Downtown hotel (see #1).
  10. Purchased.

It seems to appear that the very requests from McShurley which made the council unable to work with her, are the very same things they gladly pursued at a higher cost with Tyler.   Enough said.

Muncie City Council recently voted for the borrowing of $4.5 million claiming they had to do what MCS and Ivy Tech cannot do…training programs.  No Democrat on the council struggled with the vote, they don’t need to, all they need is politics before people.

There is so much more, but for now, we’ll bring this to a close.

To be continued….

 

 

 

 

 

Public Hearing for Madjax 9-7-17

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todd donatiTodd Donati – Muncie Redevelopment Commission, President

When:  Thursday 9-7-17

Time: 4:00 PM

Where: City Hall Mayor’s Conference Room

A public hearing on $4.5 million dollar bond for Madjax.    The repayment is from leases and should they fall short?  You guessed it….tax dollars will make the payment.

The bond money will help to pay off some of the $1.762 million in debt Madjax owes.  Seems similar to a consolidation loan where you borrow money to pay off your debts and have one payment.  You still owe, though.

In this case, if Madjax pays off their debt, but fails to make the bond issuance payment, the taxpayers will pick up the slack.

Sweet!

Since when did the Muncie Redevelopment Commission become a bank?  We’re talking about $4.5 million dollar loan.  Surely, if MRC has that kind of dough to throw around perhaps MRC should instead loosen up their purse strings and return $4.5 million back to the taxing entities.

Mayor Tyler claims he wants to help the schools, how about restructuring TIF districts? Instead, we’ll take even more money for the cash-cow call TIF districts.

Most everyone liked the idea of a Maker’s Place until we found out the city is dishing out money right and left.  You have to wonder about the adverse reaction Bracken’s proposal created.  There’s some money to be had or someone is going to benefit.  Won’t be the taxpayers, guaranteed.

Some time has passed since council members showed some reluctance on this bond.  Let’s see how they vote after their private meetings.  Afterall, going against Mayor Tyler and his appointed friend Todd Donati might cost them Democrat Headquarters support come next election.

Madjax Debt

Madjax oublic notice 8-25-17

Muncie’s Debt, Delaware County Tax Levy

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Amortization is an accounting term that refers to the process of allocating the cost of an intangible asset over a period of time. It also refers to the repayment of loan principal over time.

Muncie amortization schedule as of 3-5-17. Enjoy.

muncie-unit-debt-3-5-17

If you want more, here is the tax levy for 2017 for Delaware County which includes Muncie City.

delaware-county-2017-certified-budget-order