Indiana counties are supporting a lot of debt and interest payments, by and large, for 2013 than they did in 2012. Below is a chart I put together from information presented at IN.gov. The numbers below are 2013 debt loads carried by county government units. In some cases, like Harrison County, debt is being paid down fast. Though Harrison County has access to a lucrative riverboat casino tax fund to help pay off their debts.
In other cases, like Boone, Davies, and Dubois Counties, debt and interest payments skyrocketed. Boone County’s debt almost doubled (due to a building project?) year-over-year, and Dubois County went from $0 debt in 2012 to $1 million in 2013. Decatur County also had massive gains in their debt loads.
I’m assuming in cases where the principal and interest is $0, and there’s still a lease payment, that those counties are paying for leased space to private firms, such as for offices or storage. Several counties reported no debts, at least on their county general funds, for 2013. That does NOT mean the whole county is without debt, as other taxing units like schools, libraries, transit, cities or towns in the county, or other municipal corporations/units could well be drowning in debt.
19 counties had increased debt loads (red arrows). 14 had decreased debt loads (green arrows) year-over-year. The remaining 59 (out of 92) counties had relatively little to no change, under $10,000 or so in principal payments one way or another, and are indicated by sideways arrows.