Tag Archives: city financies

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 Scales, 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.

Read more HERE.