WILSON, OK -- A small town in Oklahoma is staying on top of its finances even in a tough economy.
Citizens of the City of Wilson say they are happy with the changes and major steps of improvements that their current city government has recently made. Just last week the town announced it is now debt free.
The City of Wilson is paying off their remaining $225,000 dollar debt nine years early. Mayor Frank Schaaf says they borrowed $550,000 dollars back in 1981 to relocate city water lines.
"I feel like there's been a burden lifted off the City of Wilson, and you know if things go south I don't have to worry about having to come up with $2700 dollars a month," Schaaf said.
Schaaf says they paid off the debt by shifting money from a couple CDs and in interest alone they will be saving more than $50,000 dollars over the next nine years. Money that can now go towards revamping the city's infrastructure. A lifelong citizen of Wilson Ricky Camplain says he is thrilled to see the progress in his hometown.
"As long as I've lived in our community I haven't been more proud as I am now of our present council. Their agenda is to make Wilson better, and I'm very thankful for each of their time and their service," Camplain said.
Schaaf says the city is doing well, but still has a ways to go. He explains that now with one less thing to worry about they can focus more on improvements.
"The pyramids weren't built over night. Our problems here in Wilson, Oklahoma aren't going to go away over night either, but I mean, you know what? If we treat it like an elephant and and keeping taking little bites at it we'll get there. It's just going to take some time," Schaaf said.
Camplain agrees Wilson has many needs, but says he believes the efficiency of the town's government is making the city look better which will hopefully help it to grow.
"There will be bumps along the way, and because change is always difficult for people, but I think the changes we're seeing will benefit all of us in the longrun," Camplain said.
One project Wilson city leaders says is underway is repaving several city roads.