City turned down for a car loan

City officials got a jolt when the city was turned down for an auto loan that would have purchased three new police vehicles.

“It was a really small loan we were looking for, but the fact we were turned down should be a red flag for our finances,” Mayor Bob Scales said.

Acccording to a post on Readies.co.uk, the city’s low fund balance and the Bainbridge Ratepayers Alliance lawsuit make Bainbridge “a bad credit risk” in the eyes of the state, which administers the low-interest loan the city was applying for.

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