City of Leachville Continues to Battle Tax Debt - KAIT Jonesboro, AR - Region 8 News, weather, sports

Leachville, AR -- Marsha Mays Reporting

City of Leachville Continues to Battle Tax Debt

AUGUST 7TH, 2006 -- POSTED AT 10:30 P.M. CDT

LEACHVILLE, AR -- It was standing room only Monday night at the Leachville City Council Meeting as the mayor and aldermen once again tackled the on-going tax issue.

At a special meeting on July 17th, the council unanimously voted to move just over $108,000 into a certificate of deposit. They voted to take money from several different city departments and other CD's. The money was to be put into a CD, so it could be gaining interest while they are waiting to negotiate the exact amount owed to the IRS.

Leachville City Clerk and Treasurer Ruth Ann Keith noted in Monday night's meeting that after looking into the funds they planned to take money from, she realized that the cemetery fund was a trust fund and the money could not be withdrawn. Therefore, that pushed the amount down from $108,000 to $105,000.

Mayor Ralph Wells also read a letter during the meeting that was sent to Congressman Marion Berry addressing the city's tax debt.

"The bottom line is the City of Leachville cannot pay any of the tax to be honest about it. If there is anyway to get this whole thing waived, this is what we would like to do. On the other hand, if that is not a possibility, we need to get debt reduced down to the amount of money that the city could pay," says Mayor Wells.

The mayor noted that the city is still awaiting a response from Congressman's Berry's office. As for now, the council plans to move the allotted money into a CD as soon as possible.

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