Tuesday, January 22, 2013

Early Budget Talk Reveals Potential Deficit In Bridgewater

It's still early in the town of Bridgewater's budget talks for 2013-14, but there's preliminary talks of a deficit. The town's director of finance indicated a potential $1.1-million shortage if the projected numbers are maintained. But, the mayor says there's still plenty of information to gather before the budget is approved in the spring. He expects it to be tough to balance.

Some suggestions from councillors to crawl back the debt includes asking town departments for as much as a 10 per cent cutback in costs. More public budget meetings will be held in early February.