Avon Projects Not Affected by Debt Ceiling Crisis

The debt ceiling crisis won't impact any city projects in Avon, said Friday.

"We're lucky in that our projects are almost all city-funded," he said.

What impact it will have on individual citizens, Logan said, remains to be seen.

The city and the Richard E. Jacobs Group are footing the bill for the Logan said, so any federal government funding issues will not affect that project going forward.

on Detroit Road, approved by Avon City Council in January, will not be affected even though 59 percent of the money for the project comes from the state.

"The grant money's already been allocated," he said.

How the crisis affects Avon residents is still unknown, Logan said.

Long-term investments such as retirement savings could take a hit if markets continue to react negatively to the crisis, he said. Interest rates for credit cards, car loans and mortgages could also be affected.

If the debt ceiling is not raised, Logan said, the government won't be able to pay for everything it does now. What would not be paid, he said, is not fully determined.

But the impact could be felt in a variety of ways. Pay for military members and social services assistance could be affected. If air traffic controllers are furloghed, that could impact business and vacation travel. Ditto for Amtrak, Logan said. 

"There are a lot of ways this could affect people, and none of them are good," Logan said. "I just hope they can get their act together in Washington."