Top News

Stellarton finished fiscal year in the black

The Town of Stellarton is in good financial shape according to audited financial statements presented at the town’s recent council meeting.

According to the auditor, the Town of Stellarton had a consolidated net surplus of $2.57 million for the fiscal year which ended March 31, 2018.

Overall expenditures were 2.1-per-cent lower than the previous fiscal year.

The town’s net financial liability increased by $337,000 over the prior year from $1.96 million to $2.3 million. During the year, the town reduced its long-term debt by $635,000 and increased investment in capital assets by $2.9 million.

Recent Stories