BEAR CREEK - The time has come for the Town of Bear Creek to turn over all of its finances to the Alabama Attorney General for investigation, after the town council and members of the public discussed back payments never made to the Internal Revenue Service during a previous administration, that are now coming to a head.
During the Bear Creek Council’s Council’s May 6, meeting, council member Daniel Green made a motion for immediate consideration for a resolution for the town to borrow $253,000 from Traders and Farmers Bank and consolidate all the loans the town currently has. Jimmy Preston seconded the motion, and all voted in favor.
The loan covers paying $150,000 in past due payroll taxes, $35,000 in municipal court costs and $18,000 in fees to Waste Management in past due garbage arrears.
See complete story in the Northwest Alabamian.