New Glasgow in the black over $1 million

John Brannen
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NEW GLASGOW – The numbers are in and the Town of New Glasgow has posted a surplus.

The audited financial statements for fiscal year 2012-2013, conducted by Kevin MacDonald and Associates, showed a surplus of $1,346,800 as of March 31, 2013.

MacDonald also noted that there was an increase in capital assets of $2,838,000, an increase in fund balances of $614,300, new debt issued for capital in the amount of $1,040,300 and debt repayment totaling $1,256,200.

“This has been a very good fiscal year for New Glasgow,” noted Mayor Barrie MacMillan. “There was an overall reduction in operating expenses for the town as compared to the previous year's fiscal expenses. Operational revenues for the 2012-2013 fiscal year totalled $19,160,400 while total expenses were $18,334,200 compared to the previous year's expenses of $19,492,900.”

This included New Glasgow’s portion of the operational deficit of the Pictou County Wellness Centre which was $160,600. The overall operating reserves at the council’s disposal have increased by $101,500.

“While maintaining solid fiscal management and a reasonable tax rate, which is the same as it was nine years ago, this council's commitment and goal is to deliver a quality level of municipal services and to provide an environment in which both residents and businesses may thrive,” said MacMillan.

One environmental and fiscal highlight was the town’s conversion to LED street lighting, which reduced the operating costs of the lights from $207,100 in fiscal 2012 to $65,400 in fiscal 2013.

The council also approved a motion to pursue a wi-fi pilot project for downtown New Glasgow. The recommendation was to purchase six fixed access points strategically placed in the downtown core free for anyone wishing to connect. The proposed budget is $1,200 plus HST and according to town staff, would start in October. 

 

john.brannen@hotmail.com

On Twitter: @NGNewsJohn

Organizations: Kevin MacDonald and Associates, Pictou County Wellness Centre

Geographic location: New Glasgow

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  • spoonman
    September 19, 2013 - 20:03

    A one million dollar plus surplus while the town has a 8.1 million dollar debt according to the Porvincial Government's Muncipal Finance Corporation as of 2012 ? Holly cow did we actually pay off this debt and then finance a town budget to the tune of 16 million dollars on 13.5 million of taxation ? This is very creative Fiction at work here .

  • watchdog
    September 17, 2013 - 17:35

    Watch that Million Dollars disappear when the Maritime building does or they have to clean up the Maritime Steel property.

  • joe
    September 17, 2013 - 12:17

    No wonder the moneysense voted it the worst place to live. high taxes, no services and money sitting in the bank.

    • catherine
      September 17, 2013 - 13:59

      facts...same tax rate as 9 years ago $1.82, highest services in any town in PC, and money in the bank...good thing!

    • billybob
      September 17, 2013 - 18:01

      Catherine give us a break. Always the political thing to say that the "tax rate" is the same when the FACT is that the assessments over the same 9 year period HAVE gone up dramatically which means that the average person in NG is paying more than 25% more in taxes over the past 5 years due to ASSESSMENTS! And also for your knowledge 6 years ago the rate was $1.72 so get your facts straight!

    • Mike
      September 19, 2013 - 10:54

      Agreed, I moved here 5 years ago from out west and can't believe how horrible the local hospital is. It took us over 3 years to get a family Doctor that we have no confidence in. We have to go head to Antigonish to find one suitable for our family. Also, taxes are OUTRAGEOUS in this town. Since I moved my family here I am making a lot less and pay more out a lot more. Whoever says the cost of living is less expensive on the East coast is obviously lying or never experienced any other location outside NS. I wish things would change, all and all this is a great town filled with wonderful people.

  • John
    September 17, 2013 - 11:07

    Plz put some of that money towards roads.driving up east river road towards shoppers the road is so rutted it grabs your tires

    • Catherine
      September 17, 2013 - 14:03

      driving up east river road towards shoppers...that is a provincial road and not the town of new glasgow...maybe you mean stellarton should put money into their stellarton road coming into new glasgow.

    • billybob
      September 17, 2013 - 18:11

      Again Catherine please get your facts straight! East River Road towards Shoppers is in FACT the Town of New Glasgow and most of the Stellarton Road is also the Town of New Glasgow... North Foord St is in the Town of Stellarton. Maybe you should learn how to read a map and remember, Google is your friend.

  • Karin
    September 17, 2013 - 10:42

    If the town is in such good shape why cant they keep the John Brother open. Indoor hockey, lacrosse, roller derby, BINGO, place for the 55 plus club to meet and others. Skateboarding, in-line skating many many activities could use the JBS all year round specially in the winter. All these activities do not need ice. Specially since there is no where else for them to go. Because they are not welcomed for fear of damage could occur in newer places or there is simply not enough space to accommodate everyone with the current facilities. Please keep the JBS open so other activities can be kept in the town.

  • CastingMy Line
    September 17, 2013 - 10:37

    If you believe this one then you'll probably believe that the NDP balanced the provincial budget this year. If you believe that one then you are probably the person I can sell some waterfront property too. I guarantee that this property is worth twice as much.......when the tide is out.

  • Realllllyyyy
    September 17, 2013 - 10:34

    So does that mean we are not on the hook for the white elephant wellness centre now?

  • just thinking
    September 17, 2013 - 09:14

    great job to the town of new Glasgow I wish the other towns would be kind enough to offer free Wi-Fi to it residents but we will not hold our breath

  • Jason
    September 17, 2013 - 07:12

    How about lowering the property tax rate please and thank you.