Thursday, January 30, 2014

Dryden Reports Huge Deficit

While Fort Frances council works to pare down its budget, another northwestern Ontario community is facing some serious financial troubles of its own.

The city of Dryden has announced its facing a four-million dollar deficit going into the 2014 budget year.

City officials attribute the shortfall to reduced assessment of the Domtar Mill, fewer provincial grants and a one million dollar accounting discrepancy identified from 2011.