Georgia cities unable to file for bankruptcy - WALB.com, South Georgia News, Weather, Sports

Georgia cities unable to file for bankruptcy

Downtown Albany Downtown Albany
Tommy Coleman, Attorney Tommy Coleman, Attorney
Government Center in downtown Albany Government Center in downtown Albany
ALBANY, GA (WALB) -

Detroit's bankruptcy filing has some asking if a Georgia city could be next, but one attorney said the answer is no.

State law prohibits cities from filing bankruptcy to absolve themselves of debt and forces city leaders to make tough decisions on raising taxes and cutting benefits and jobs.

Dwindling tax revenue caused by the recession and slow economic recovery left many cities struggling.

An attorney who represents many Southwest Georgia cities says residents shouldn't be concerned.

"A big problem that one would have would be in someplace like Atlanta, an already big community where they had a huge pension liability and didn't fund it adequately.  Other than that, the debt laws, I think, protect the public," said Tommy Coleman, Attorney.

Coleman said he has never heard of a city filing bankruptcy in the state.  He said cities that dissolve are absorbed by counties and get services from county government.

Copyright 2013 WALB.  All rights reserved.   

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Albany city leaders plan new initiatives

    Albany city leaders plan new initiatives

    Monday, May 21 2018 7:13 AM EDT2018-05-21 11:13:44 GMT
    City of Albany leaders hope to implement these projects in 2018 (Source: WALB)City of Albany leaders hope to implement these projects in 2018 (Source: WALB)
    City of Albany leaders hope to implement these projects in 2018 (Source: WALB)City of Albany leaders hope to implement these projects in 2018 (Source: WALB)

    The city now has funds saved to pay for some new initiatives, like community safety officers, expanding transit service on Ledo Road and through federal funding, there will be improvements at Southwest Georgia Regional Airport. 

    More >>

    The city now has funds saved to pay for some new initiatives, like community safety officers, expanding transit service on Ledo Road and through federal funding, there will be improvements at Southwest Georgia Regional Airport. 

    More >>
  • Mitchell Co. helps cancer patient with battle

    Mitchell Co. helps cancer patient with battle

    Monday, May 21 2018 12:18 AM EDT2018-05-21 04:18:57 GMT
    This couple has been married for five years and was given bad news this year. (Source: WALB)This couple has been married for five years and was given bad news this year. (Source: WALB)
    This couple has been married for five years and was given bad news this year. (Source: WALB)This couple has been married for five years and was given bad news this year. (Source: WALB)

    Matthew Leverette, a well-known man in Mitchell County, has been in a tough battle against cancer since March. Sunday, he wanted his neighbors to know how important their support is to him when times get tough. 

    More >>

    Matthew Leverette, a well-known man in Mitchell County, has been in a tough battle against cancer since March. Sunday, he wanted his neighbors to know how important their support is to him when times get tough. 

    More >>
  • Fathers make impact with young boys for Empowerment Day

    Fathers make impact with young boys for Empowerment Day

    Sunday, May 20 2018 11:41 PM EDT2018-05-21 03:41:09 GMT
    Brainiacs 21st Century Learning hosted their first annual Father and Son Empowerment Day. (Source: WALB)Brainiacs 21st Century Learning hosted their first annual Father and Son Empowerment Day. (Source: WALB)
    Brainiacs 21st Century Learning hosted their first annual Father and Son Empowerment Day. (Source: WALB)Brainiacs 21st Century Learning hosted their first annual Father and Son Empowerment Day. (Source: WALB)

    Young boys in Albany spent Sunday learning about the importance of having a father figure in their life.

    More >>

    Young boys in Albany spent Sunday learning about the importance of having a father figure in their life.

    More >>
Powered by Frankly