Small Mo. town is broke, considering disbanding
Farley, Mo. – A tiny village in northwest Missouri has so little money that leaders are considering disbanding and letting the county handle services.
Farley, Mo. has annual revenue of $40,000, barely enough to pay for street repair, let alone other essential services.
And forget about emergency repairs -- when a gravel city road washed out during spring flooding, there wasn't enough money to even apply for federal aid.
About 250 people live in the town; the plan would have the local government disband and turn operations over to Platte County.
Village board chairwoman Teresa Bing said there are no full-time city employees. The city clerk is a volunteer, and sometimes a codes enforcement officer is brought in when necessary.
Farley has little chance of increasing revenue because the growth rate has been slow. The village is at its maximum allowable property tax levy, and there are no businesses that feasibly could generate sales-tax revenue.