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>>

  • Maryland Governor Signs Gun Violence Prevention Bills

    Maryland Governor Signs Gun Violence Prevention Bills

    Apr 24, 2018 2:09 PM2018-04-24 18:09:00 GMT
    Tuesday, April 24 2018 2:09 PM EDT2018-04-24 18:09:32 GMT
    Maryland Gov. Larry Hogan signs legislation to enable judges to order people to temporarily give up their firearms if they are found to pose an immediate danger, one of more than 200 bills he signed on Tuesday, April 24, 2018 in Annapolis. (Photo: AP)Maryland Gov. Larry Hogan signs legislation to enable judges to order people to temporarily give up their firearms if they are found to pose an immediate danger, one of more than 200 bills he signed on Tuesday, April 24, 2018 in Annapolis. (Photo: AP)
    Maryland Gov. Larry Hogan signs legislation to enable judges to order people to temporarily give up their firearms if they are found to pose an immediate danger, one of more than 200 bills he signed on Tuesday, April 24, 2018 in Annapolis. (Photo: AP)Maryland Gov. Larry Hogan signs legislation to enable judges to order people to temporarily give up their firearms if they are found to pose an immediate danger, one of more than 200 bills he signed on Tuesday, April 24, 2018 in Annapolis. (Photo: AP)
    Maryland Gov. Larry Hogan has signed measures aimed at stopping gun violence.More
    Maryland Gov. Larry Hogan has signed measures aimed at stopping gun violence.
    More
  • Milford Police: Man Charged in Deadly Drunk Driving Crash

    Milford Police: Man Charged in Deadly Drunk Driving Crash

    Apr 24, 2018 1:40 PM2018-04-24 17:40:00 GMT
    Tuesday, April 24 2018 1:40 PM EDT2018-04-24 17:40:15 GMT
    A 30-year-old Harrington man is facing vehicular homicide, DUI and related charges in connection with an early Tuesday morning crash in Milford that left one person dead and another injured.More
    A 30-year-old Harrington man is facing vehicular homicide, DUI and related charges in connection with an early Tuesday morning crash in Milford that left one person dead and another injured.More
  • Updated: Fire at Mountaire Farms in Selbyville Causes $500K in Damage

    Failed Transformer to Blame for Mountaire Fire

    Apr 23, 2018 8:14 PM2018-04-24 00:14:00 GMT
    Tuesday, April 24 2018 12:58 PM EDT2018-04-24 16:58:03 GMT
    A malfunctioning transformer is to blame for a Monday afternoon fire at the Mountaire Farms' processing plant in Selbyville, Delaware, investigators said.More
    A malfunctioning transformer is to blame for a Monday afternoon fire at the Mountaire Farms' processing plant in Selbyville, Delaware, investigators said. More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices