Burlington will need to take out a very short-term loan to get through the current fiscal year, which ends June 30th.
The city council has authorized the borrowing of up to $2-million to cover payroll and operations through the end of the month.
City Manager Jim Ferneau says the city will need about $700,000 to cover the final payroll of the year, so he does not anticipate needing to borrow the full amount.
He says it is good to have the authority to do so, though, in case an ongoing capital project runs into trouble.