Greenville may need to file for municipal bankruptcy

4 years 1 month 3 weeks ago Thursday, May 12 2016 May 12, 2016 Thursday, May 12, 2016 11:49:48 AM CDT May 12, 2016 in News
By: The Associated Press

GREENVILLE (AP) — Greenville's finances are so grim that aldermen say the southeast Missouri city may need to file for municipal bankruptcy.

The Southeast Missourian reports that the Greenville Board of Aldermen voted Tuesday not to pay the city's monthly bills because the money left in its coffers wouldn't cover the balances owed to local businesses and others.

Mayor Carroll Rainwater told aldermen that the city is down to $6,000.

An account summary provided by the city shows there's about $2,800 in the water and sewer account, $3,100 in the general fund, $2,400 in the summer ball account, less than $400 in the police fund, $260 in the cemetery account and $180 in capital improvement funds.

Rainwater said she would have more information and a solution at the next meeting.

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