Talk circulating on social media has the Town of New Site $900,000 in debt.

While the town does have a total debt balance of $649,771.72, according to the town’s fiscal year 2023-2024 reports, the debts are covered by income that is received monthly.

Business Consulting meeting working and brainstorming new business project finance investment concept.
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New Site Mayor Phil Blasingame said the town’s debt is covered by monthly income.