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Financial deficits signal strain in Hillsburg Shell River councils
The 2014 financial statements show Shell River net assets drop from 1.68 million to 1.048 million and a 200000 decline in tax revenue creating a 481000 deficit. Hillsburg assets fell to 53000 in net assets and 76000 cash with a 29850 deficit. Reserves cover shortfalls, while 1 mill tax could take seven years to repay.
MENTIONED IN THIS ARTICLE
Hillsburg
Shell River
Reid
Municipality of Roblin
Wade Schott
RRA