In a last-ditch effort to avoid bankruptcy, the City of Isleton requested an $800,000 loan from Sacramento County . But in a report ahead of budget hearings, county staff does not recommend the county give the delta city the money.
The recommendation is included in documents provided to the Sacramento County Board of Supervisors ahead of the multi-day budget hearings this week. The loan request was submitted last month, signed by the Isleton city manager, 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.
At the beginning of the year, the city hired a finance team to assist in bala