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Georgetown, In. Officials Hoping To Find Solution To Million-Dollar Debt
Updated May 5, 2013 12:07 AM | Filed under: Network Indiana
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(GEORGETOWN) - Officials in the Floyd County town of Georgetown say they're hopeful of finding a solution to a million-dollar debt dilemma without following through on a threat to declare bankruptcy.

The town of about three-thousand has been trying for three years to build a new sewage treatment plant.

An annexation dispute with residents of neighboring Edwardsville has delayed the project, saddling Georgetown with a potential $450,000 penalty payment to the city of New Albany for missing a deadline to cut loose from the city sewers.

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