Georgetown Discusses $12.5 Million Debt - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Georgetown Discusses $12.5 Million Debt

Posted:
 GEORGETOWN, Del. - The mayor and town council of Georgetown met Tuesday to discuss the 2016 fiscal budget, money from which will go towards the town's $12.5 million debt.

No decision was made at the meeting. However, there is a plan in motion to pay back the debt already.


"Most everything's unavoidable when it comes to debt," Gene Dvornick, the town manager said. He explained that the debt has been incurred through sewer and water projects that had to be done, as well as infrastructure that needed to be replaced.


Mayor Bill West said he attributes the multi-million dollar debt to growth.

"The debt to me shows that we've we've spent some money to try and build up our infrastructure to to make it more appealing to get new residents and businesses to look at Georgetown," he explained.

As of now, no taxes will be raised or programs cut, but rather the town is making regular payments to reduce the debt. The payments can be seen in the photo connected with this story.

Some people however, like Lillian Harrison, a local business owner, think more needs to be done, and soon.

"I think if they start at the last minute trying to address those issues theygoing toonna look at passing those costs and those fees to new businesses coming in, new homes being built," she said. "And that's really not going to be fair when we could have started now, kind of addressing the issue."

"It's something they should be concerned about," Mayor West agreed. "But at this point not severely concerned because we do have it under control."

According to Georgetown officials, it isn't unusual for a town to be that far in debt. For instance, in Millsboro, which has around 2,000 fewer people than Georgetown, the debt is at $29 million.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Delaware State University to Build New Residence Hall

    DSU to Build New Residence Hall

    09/22/2017 14:59:00 -04:002017-09-22 18:59:00 GMT
    Tuesday, September 26 2017 7:55 AM EDT2017-09-26 11:55:50 GMT
    Delaware State University. (Skycam 16)Delaware State University. (Skycam 16)
    Delaware State University announced Friday that in order to deal with a rapidly growing residential enrollment, the school plans to build a new 200,000-square-foot residence hall, to open in the fall of 2019.More
    Delaware State University announced Friday that in order to deal with a rapidly growing residential enrollment, the school plans to build a new 200,000-square-foot residence hall, to open in the fall of 2019.More
  • Carney Launches Eco-Tour to Spur Outdoor Activity

    Carney Launches Eco-Tour to Spur Outdoor Activity

    09/26/2017 07:26:00 -04:002017-09-26 11:26:00 GMT
    Tuesday, September 26 2017 7:51 AM EDT2017-09-26 11:51:50 GMT
    Delaware Gov. John CarneyDelaware Gov. John Carney

    Gov. John Carney is urging Delawareans to get outside and enjoy the great outdoors.

    More

    Gov. John Carney is urging Delawareans to get outside and enjoy the great outdoors.

    More
  • New Rehoboth City Hall Now Open

    New Rehoboth City Hall Now Open

    09/25/2017 16:33:00 -04:002017-09-25 20:33:00 GMT
    Tuesday, September 26 2017 7:51 AM EDT2017-09-26 11:51:19 GMT
    After delays and change orders, the City of Rehoboth Beach's new city hall is now open for business. The building also houses the convention center, police department, Alderman Court, and a 911 center.More
    After delays and change orders, the City of Rehoboth Beach's new city hall is now open for business. The building also houses the convention center, police department, Alderman Court, and a 911 center.More
  • Most Popular VideosMost Popular VideosMore>>

  • Murder Investigation Underway in Somerset County

    Murder Investigation Underway in Somerset County

    Maryland State Police are investigating an apparent homicide that occurred this afternoon in Princess Anne. The victim is a male believed to be in his thirties, although troopers are still working to identify him. Anyone with more information is being asked to call Maryland State Police.

    More

    Maryland State Police are investigating an apparent homicide that occurred this afternoon in Princess Anne. The victim is a male believed to be in his thirties, although troopers are still working to identify him. Anyone with more information is being asked to call Maryland State Police.

    More
  • Dover Business Owners Sound Off During Downtown Tour

    Dover Business Owners Sound Off During Downtown Tour

    Dover business owners on Monday gave their thoughts on conditions in the downtown area during a tour by city officials and members of the Downtown Dover Partnership.

    The Monday morning tour was aimed at getting feedback from local business owners and operators about the positives and negatives of having stores along places like Loockerman Street in the heart of Central Dover.

    More

    Dover business owners on Monday gave their thoughts on conditions in the downtown area during a tour by city officials and members of the Downtown Dover Partnership.

    The Monday morning tour was aimed at getting feedback from local business owners and operators about the positives and negatives of having stores along places like Loockerman Street in the heart of Central Dover.

    More
  • Golden Retriever Show Attracts Thousands to Salisbury

    Golden Retriever Show Attracts Thousands to Salisbury

    The 2017 Golden Retriever Club of America National Specialty is coming to Salisbury. The events will take at the Wicomico Civic Center as well as the Crown Sports Center in Fruitland.

    More

    The 2017 Golden Retriever Club of America National Specialty is coming to Salisbury. The events will take at the Wicomico Civic Center as well as the Crown Sports Center in Fruitland.

    More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices