Weston Leaders Slowly Whittling Down City Debts
Debts are slowly starting to shrink for the financially troubled city of Weston.
Mayor Julia Spelsberg says state tax officials agreed to waive tens of thousands of dollars in penalties on unpaid taxes, so the city now owes about $50,000. That’s less than half its original debt.
Weston is also working with the Internal Revenue Service on a plan to pay $230,000 in back taxes and $60,000 in interest. In April, the IRS froze more than $152,000 of the city’s assets.
City leaders are trying to cut expenses and have frozen discretionary spending. They’re also stepping up collections of both business and occupation taxes, and newly raised municipal fees.
~~ AP ~~
GFP - 06.28.2009
Community • Lewis County • Financial & Economy | G-Fin™ •
Community • Lewis County • Financial & Economy | G-Fin™ •
