AS REPORTED IN THE JACKSONVILLE DAILY PROGRESS:
JACKSONVILLE — The City of Wells is $8,000 in the red, said Mayor Pro Tem Robert Kalka. And the city council may have to choose between terminating Wells’ only police officer or risking bankruptcy.
“There’s a lot of things that haven’t come in; a lot of our taxes. Our city taxes have not come in, the sales taxes have not come in,” Kalka said after Monday’s city council meeting. “We just got a Dollar General store, which should make the sales tax increase quite a bit, but that’s things you can’t count on. That’s the problem — you know it’s coming but you don’t know when.”
To pay the city’s bills the city council has to withdraw $8,000 from savings, and had to borrow money to make repairs on the sewer system. The city’s savings is estimated at $21,000 before the withdrawal, Kalka said.
“There’s not a whole lot in there. It wouldn’t take but two, three months and we’d deplete what we have in our savings,” Kalka said. “It’s not going to last forever.”
FOR MORE ON THIS STORY, GO TO: http://jacksonvilleprogress.com/local/x530788669/Wells-funds-drying-up