Winnfield appears on list of financially distressed cities in Louisiana

More than 20 municipalities in Louisiana — including one in Winn Parish — are on the brink of declaring bankruptcy according to a report by the Louisiana Legislative Auditor.

These cities and towns include parish seats throughout the state. According to Newsbreak.com, most of these towns are dealing with financial distress to a level that threatens their ability to deliver vital services to residents.

According to the report by the state auditor the City of Winnfield had significant hurricane damage, a disclaimer on its 2018 audit report, and has not completed its 2019 or 2020 audit reports, limiting the auditor to assess the city’s finances. Those stress indicators include operating deficits in its utility operations, as well as repeat findings identifying problems with operating reserves/ financial monitoring and noncompliance with debt covenants.

State Representative Jack McFarland says, “In these rural communities you have fewer and fewer people and declining revenue while they’re still trying to maintain the same services and infrastructure.”

 

 

 

 

 

 

 

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