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City manager says Benton Harbor seeking $1 million loan as hiring freezes continue
Summary
City manager told the committee Benton Harbor is pursuing a $1,000,000 borrowing package and must show cost controls; the administration cited a recurring $2 million annual utility deficit since 2016, ARPA funds that temporarily masked problems, and a freeze on many hires and travel.
The city manager told the communications and public relations committee that Benton Harbor is seeking a $1,000,000 loan through the Michigan Treasury and the Municipal Finance Authority and that the financing package will require the city to present measures to reduce costs and increase revenues. ‘‘The nature and reason for the freeze is the fact that the city is in a dire financial position at this point,’’ the city manager said.
Officials said a structural problem in the utility fund…
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