NATCHEZ, Miss. (AP) - Natchez Mayor Butch Brown had to cast the tie-breaking vote that would allow the city clerk to take out another loan to make payroll.
The Natchez Democrat reports (https://bit.ly/1PdneO9) the 4-3 vote came after City Clerk Donnie Holloway asked the board of aldermen Monday night for guidance on where to find the $300,000 necessary to make payroll, retirement benefits, health insurance and FICA payments.
Alderman Dan Dillard made a motion to take out a tax-anticipation loan, which he said is structured for cities to find funding while tax revenue is not coming in. By law, Dillard said the loan has to be paid back by mid-March.
Information from: The Natchez Democrat, https://www.natchezdemocrat.com/
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