The town of Pictou is expecting to end in the red for the 2013/14 fiscal year.
It was announced at Pictou town council Monday evening that the town of Pictou would have a projected deficit of $115,000 dollars.
The final report is expected in early May, with possible changes once things are tallied up for March. The water utility is expected to have a loss this year as well, with a need for rate adjustment coming soon. The shortfall of the water utility may be made up by a tax increase, suggested Mayor Joe Hawes.