HOW MUCH DOES EACH PERSON IN SOUTH BEND CURRENTLY OWE ON THE CITY DEBT?

Principal Owed = $132,270,707
Interest Outstanding = $29,504,979
Payments Outstanding = $121,948,778
Federal Credits = $23,869
TOTAL CURRENT DEBT = $283,700,595
(Which is higher than what other figures are showing.)
EACH PERSON IN South Bend now owes $2,804.25 for the current debt level
SOURCE: State of Indiana Gateway Debt Comparison Report
#MichianaObserver #CivicMedia