Muncie Mayor Says ‘DEBT is Down and CASH is Up’
By Tony Sandleben, Director of Communications, City of Muncie— MUNCIE, Ind. – Using his banking background and with the help of many dedicated employees, in the first two years of Mayor Ridenour’s Administration, the Muncie Redevelopment Commission (MRC) has avoided borrowing and has instead focused on paying cash for projects if possible. The result of the mayor’s first two years (2020 and 2021) show MRC has reduced debt totals by $6.7 million dollars from just over $58 million to $51.7 million….
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