Governmental debt stands at $39.6 million
COUNTY – Local governments in Shelby County have debt obligations totaling $39.6 million, most of which can be attributed to the City of Harlan and Harlan Community Schools.
Much of the school’s debt, totaling $12.7 million as of June 30, 2015, directly correlates to construction projects, namely paying off its primary building project. The city’s debt obligations total $24.4 million, and include the Harlan Municipal Utilities’ debt.
Other agencies with debt include the cities of Elk Horn, Panama, and Shelby, as well as the Elk Horn-Kimballton Community School District.