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Belle Fourche Chamber Of Commerce Reports Fiscal Insolvency

Associated Press0

BELLE FOURCHE, S.D. (AP) — The Belle Fourche Chamber of Commerce’s president says the organization is financially insolvent.

Chamber President Mark Reese tells the Black Hills Pioneer ( ) that the organization needs funding to meet 2015 obligations and said the group is falling behind on its office rent.

Reese says the group’s balance sheet “shows that we are insolvent.”

Reese has asked the city of Belle Fourche for financial help.

City Councilwoman Karen Wagner says that money’s not in this year’s budget, but Wagner says that a committee could convene to hear Reese’s request.

The committee could make a recommendation to the full city council.

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