Skip to content

Tax revenue dip, accounting error deals Dryden $4M deficit

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.

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)





push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks