EBENSBURG, CAMBRIA COUNTY--- Cambria County is $13 million in debt and commissioners announced Thursday that they have taken out a loan to help pay down its bills.
‘This is a way of fiscally being responsible taking on the real issues,” said Douglas Lengenfelder, President Commissioner.
Commissioners adopted the ‘Lease rental Debt Ordinance of 2012.” It’s a loan from a bank for $5 million. Lengenfelder said it’s a smarter solution to help the county’s cash strapped situation.
“We are actually talking about saving the tax payers over a million dollars,” said Lengenfelder.
Commissioners said that taking the loan from the bank will help the cash flow problem, but the county controller disagrees.
“There are challenges but the only way we’re going to solve them is for the auditors, controllers and commissioners to all work together,” said County Controller Ed Cernic. “Some people are burying their heads in the sand saying it’s not that bad.”
The loan will be paid back over eight years.