$8 Million transferred to Utica

By WKTV News

UTICA, N.Y. (WKTV) - Bank of Utica has transferred $8 million dollars to the City of Utica with a .25% interest rate. This means the city will be able to make payroll Friday.

City Comptroller Michael Cerminaro hopes the money will be enough but the city is able to borrow up to $10M if necessary.

Mayor Robert Palmieri is unveiling his budget, check back for details.

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