Council Reviews Town’s Finances
At a special Council meeting on Thursday, Interim CAO /Treasurer Ian Davey presented his report on the Status of the Town’s Finances as impacted by the Covid-19 crisis. It was not intended to be an exercise to revise the budget – the budget is unchanged – but instead was a report on what steps staff are taking to avoid a deficit. However, some Councillors saw it as an opportunity to give direction to staff on what should NOT be spent given the shortfall in revenue of $1,561,000. The charge was led by Deputy Mayor Suzanne Séguin and Councillor Emily Chorley but the remaining Councillors outvoted most of their proposals. Ian Davey repeatedly said that the budget was approved and would… Read complete articleCouncil Reviews Town’s Finances