Friday, April 25, 2014

Harsh Winters Cause Cost Overruns

A harsh winter is causing the City to go over it's 2014 operating budget. City Treasurer Carol Pollard says two bad winters back to back has wreaked havoc with their finances.  The City is looking at an anticipated $5.73 million dollar year end deficit. Staff want City Council to implement a deficit management plan along with an increase to the budget to help address cost overruns.