Mar 17, 2014 5:37 AM by AP
NEWELLTON, La. (AP) - The town of Newellton is completely debt free.
Officials say the town made its final debt payment Wednesday.
Edwin Britt, who has been an alderman since 1972, said the town's accomplishment has been years in the making and involved cooperation from all those involved with managing the Tensas Parish town.
Newellton has a population of about 1,300. Mayor Timothy Turner says its annual operating budget is between $400,000 and $500,000.
The News-Star reports town officials hope the accomplishment can serve as a model for other small towns that are struggling financially.