A northwest Georgia town has to borrow a million dollars.
Canton in Cherokee County says the 90-day loan is a tool local governments long have used to bridge gaps that appear as they wait for tax revenues.
This year, the loan comes as the city faces dramatic declines in revenues, especially from development.
Canton officials call this one of the leanest times the city's ever had.
(Associated Press)
Canton in Cherokee County says the 90-day loan is a tool local governments long have used to bridge gaps that appear as they wait for tax revenues.
This year, the loan comes as the city faces dramatic declines in revenues, especially from development.
Canton officials call this one of the leanest times the city's ever had.
(Associated Press)
