City of Soap Lake is paying off $11M-plus in loans, interest
The City of Soap Lake’s finance director Jeff Balentine said the city is working on paying off 15 different loans totaling around $11.36 million. Of that, around $3 million is interest, which Balentine claims is “just throwing money away.”
NANCE BESTON/COLUMBIA BASIN HERALD
SOAP LAKE – The City of Soap Lake will have nearly $11.36 million worth of debt service payments to pay off by the end of 2025. Of that, around $3 million is interest the city has collected over the years, according to Finance Director Jeff Balentine. The city is paying 15 different loans.
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