Financial Concerns Continue For Dryden

A report from the Ministry of Municipal Affairs and Housing shows that Dryden is still facing high challenges in four out of seven key financial indicators.
Ministry reps addressed Council Monday night and stated they still have concerns but realize that the City is taking steps to fix the problem.
The report on the 2012 finances indicated Dryden doesn’t have the ability right now to cover payments or unexpected costs on short notice as well as meet short-term capital obligations.
The province also showed that a large amount of tax and user fee revenue is servicing City debt, roughly 178% higher than other northern municipalities.
Dryden is well behind other northern municipalities in the four indicators that were brought forward by the Ministry as being a “concern”.
Chief Administrative Officer Andre Larabie says all of the concerns of the Ministry will be addressed.
Larabie says it’s looking better and they are putting together a recovery plan.
Larabie stresses staff are keeping the Ministry indicators in mind when drafting the budget.
The reason for the concerning results were the usual suspects; Dryden Mobility and the recent Mill assessment.