2014-01-30 at 13:35
Tax revenue dip, accounting error deals Dryden $4M deficit
ENERGY 103 104WIN free Tickets with One Man’s Treasure Free Tickets Fridays at 8:20am with Kaile Jaggard on Your Station for 80’s 90s and Now! Energy 103 104
Dryden's budget deficit has doubled.
The town’s mayor and city manager held a news conference Wednesday to announce the city is facing a $4 million deficit as it goes into its 2014 budget planning.
That's an increase of $2 million since November.
City officials attribute the increase to a newly-discovered $1 million accounting error made in 2011.
There has also been a $1 million drop in tax revenues, due to the reassessment of Domtar's Dryden Mill.
(Thunder Bay Television)
Click here to submit a letter to the editor.
Click here to report a typo or error