KING CITY RECOVERING VS

KING CITY RECEIVED AN UNEXPECTED HOLIDAY GIFT FROM THE COUNTY. THE FINANCIALLY-TROUBLED CITY WAS EXPECTING ABOUT $900,000 FOR THEIR SHARE OF COUNTY PROPERTY TAX, BUT THEY ACTUALLY GOT ABOUT $1.4 MILLION. THEY PAID BACK OVER $100,000 THEY BORROWED TO MAKE THE SEPTEMBER PAYROLL, WHEN THE CITY RAN OUT OF MONEY. CITY OFFICIALS RECENTLY WERE FORCED TO CLOSE CITY HALL FOR 2 WEEKS TO SAVE MONEY, BUT NOW THEY CAN ALSO MAKE THE BOND PAYMENT THAT WAS DUE IN SEPTEMBER.