Two months ago, the town of Coeburn would have filed for bankruptcy. But Wednesday night, the town council passed a proposed balanced budget for 2015 on its final reading.
The $1.3 million budget doesn't include any property or utility taxes. Mayor Jess Powers says the town balanced the budget by taking over operation of the public works department.
"We feel that we can work and operate the public works cheaper and at a less cost to the town and to the citizens of the town," Powers says.
Coeburn exited its public works contract with Veolia Water North America early. The company was in charge of water and sewer for the town.
Powers says the town can save over $400,000 by privately operating public works.
The budget passed unanimously, and Powers says it "was the first unanimous vote in a long time."