County borrows more money to pay its debts
by Michele Longoworth, Planet Reporter
Feb 22, 2012 | 795 views | 0 0 comments | 12 12 recommendations | email to a friend | print
With no 2012 budget in place yet and after just paying off a bank debt of $350,00, Masssac County has borrowed another $250,000 against next year's property tax revenue.

Last week, the county had $79,069 in its general fund, and the commissioners were concerned whether or not the county would be able to make this week's payroll. Commissioner Jerel Childers and Commission Chair Billy Hillebrand had stated they did not want to borrow money this early in the year.

However, with mounting bills, some of which were past due from July 2011, the commissioners made the decision to borrow the money.

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