After 4 years of surpluses under Peter Kelly, HRM under Mayor Savage has recorded an operating deficit ( General Rate deficit) of $232,000 for the year ending March 31 2014.
Operating surpluses under Mayor Kelly were :
2009/10 - $3.29 million
2010/11 - $2.4 million
2011/12 - $17.8 million
2012/13 - $15.9 million
The audited financial statements will be before the Audit & Finance Committee on June 18 2014
More details by scrolling down to Attachment 2 General Rate Surplus :
http://www.halifax.ca/boardscom/SCfi...618afsc911.pdf
Added on June 14 : -
If you read the Herald today you will see the headline " Halifax posts surplus of $6m ". This is not the case, although I am sure Mayor Savage and Richard Butts are quite happy to see such a headline.
The key measure in determining a municipal surplus or deficit is the section of the report entitled " Statement of the General Rate Surplus ". This audited information was not available prior to the audited statements for the year 2009/10. Prior to amalgamation the surplus/deficit was a major news story.
CAO Richard Butts salary :
2011/2012 : $289,000
2012/2013 : $309,000
2013/2014 : $322,000
CAO Dan English salary 2009/2010 : $201,000