The Isleton City Council will send a loan request to the Sacramento County Board of Supervisors to avoid filing for bankruptcy or ceasing operations entirely.
On Tuesday night, the council voted to send a two-page letter to county leadership outlining the city’s need for an $800,000 loan. The request is an attempt to avoid filing for bankruptcy or defaulting on payments.
Isleton currently has $4.7 million in debt owed to multiple creditors, according to the letter sent to Sacramento County officials, down from $5.1 million in debt earlier this year…