Thursday, November 25, 2010

TOWN OF BRIDGEWATER WATCHING SPENDING

The province is looking to slash funding to all of its departments in order to balance the budget.

Bridgewater Mayor Carroll Publicover says politicians and residents alike need to be prepared for the fiscal unknown.
He says the Town of Bridgewater has a surplus right now and to help maintain that situation in the future, expenses have to be kept under control and even reduced to do so.
However, the mayor says everything could change in the second quarter.
Premier Darrell Dexter has said current provincial spending is not sustainable and the deficit must be reduced.
The province is facing a shortfall of more than 590 million dollars.