City of Colbert owes $100,000

By: Mystic Matthews Email
By: Mystic Matthews Email

COLBERT, Okla. - Colbert residents met Tuesday night with city council members to discuss the city's $100,000 deficit.

The city attorney says due to recent mis-management of city funds, books were not kept and bills were not paid.

Now the city owes about $100,000 to the IRS and other agencies. The IRS says they need a payment plan set up by this Friday. So at Tuesday night’s meeting, city leaders voted to use money from the police department's general fund to make an initial $36,000 payment.

City Attorney Theresa McGehee says, "Now what Colbert has to do is tighten the belt. Get through the mess. We have a great city council and good turnout tonight. People understand and agree that we can't ignore it, so let's deal with it."

The city attorney says it's important to know the $100,000 was not stolen, it was just not used properly.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 16585831 - http://kxii.com/a?a=16585831