The topic of Marion’s indebtedness has raised questions. The city has approximately $43,430,000 in bonded debt. Including bonded loans, the debt totals approximately $58 million.

Marion City Finance Commissioner Anthony Rinella says it won’t take long to pay that debt down.

“In four years, it’ll be down to 50%, in six years, it’ll be down to 33%,” Rinella stated.

Rinella also cites financial progress with the addition of new businesses.

“Our newest one is Gander Mountain. You’ve got Marion Nissan, Ike Volkswagen, to name three right off the bat that are going to be very, very beneficial to the economy of Marion.”

Standard and Poors gave Marion a AA- credit rating citing strong budgetary flexibility and strong management.