Greenville City Council Approves $500,500 Line of Credit

The Greenville City Council approved a $500,500 line of credit on October 28, 2026. Mayor Jae’Ques Brown presented the option, stating the credit is a fail-safe for future financial needs not immediately covered by revenue or budget expenditures. If used, the line of credit will be repaid quarterly at a 7% interest rate and is available for 24 months, with an option to renew.

The approval provides the city with a mechanism to manage short-term cash flow, allowing it to cover operating expenses when monthly revenue timing does not align with immediate financial needs. The council noted that the line of credit is not a bond and will only be paid back if utilized.