Sunday, January 10, 2010

City moves ahead to borrow money

The AJC's April Hunt again reported on the city finances:
East Point's mayor won’t veto another move by the City Council to borrow money to keep the city running this year.


But after getting an overview of city finances from an outside auditor Saturday morning, Earnestine Pittman said she would prefer the city borrow only enough to pay $6 million in bond payments due next month.
Read the rest of the article here.

The council may take up the issue at its meeting this week. Also on the agenda is
   Authorization to award a Contract to Better Homes Bureau, LLC., for the Construction of Two Tennis Courts and One Basketball Court with Lighting at Brookdale Park (Parks and Recreation)