Youngtown leaders say town may go broke

YOUNGTOWN, AZ - Youngtown northeast of Phoenix is facing a financial crisis and will go broke within three years if officials don't drastically cut services or find new sources of revenue.

Town leaders tell The Arizona Republic the options include becoming a Maricopa County island, merging with El Mirage or Peoria or shutting down its police force.

Other options include instituting the first property tax in the community's 51 years. Youngtown voters last year rejected such a tax.

The town is suffering declining revenue from the recession and additional costs passed down by the state Legislature.

Youngtown has turned to its residents to see what they want. It's asking them to return a survey listing the various options.

Mayor Michael LeVault says a decision on the town's future is expected by the end of the year.