Members of the Lewisburg City Council reportedly adopted a policy this week that may lead to the city laying off employees seven months after the city’s bank account was overdrawn by $100,000. This, according to the Lewisburg-based Marshall County Tribune this week. But, as the paper quoted Councilman Jerry Gordon as saying, no one has made any decisions as they pertain to layoffs. Department heads believed the city would cut employees from the police, fire, and parks departments, The Marshall County Tribune reported. “In December, the city’s bank account was $100,000 overdrawn, forcing the city to borrow money on future tax revenues in order to make payroll. Ultimately, the city drew $700,000 in tax anticipation notes to keep operating, which have been repaid. The council has already authorized up to $1 million in notes to be issued this fiscal year. By their own resolution, the city should maintain a minimum of 30 percent of the operating budget in the fund balance at the start of a fiscal year,” the paper reported. “That equates to roughly $3.5 million, based on the operating budget. On July 1 this year the city had approximately $300,000 on hand. While sales tax revenues come in…
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