The landfill deficit fluctuated between $6.4 million to $10.7 million. Subsequent to our 2009 financial projections outside auditors discovered an additional $1.2 million dollar deficit left over from the previous administration.
Due to accounting regulations there was also a $3 million dollar increase in the landfill deficit due to a depreciation accounting adjustment.
The steps we have taken since 2008 have allowed us to weather the economic storm. We have done this by tightening our belts and cutting costs and expenses. Our Town budget had been reduced every year since I've been in office.
We have a plan that will address both the short and long term financial issues facing the Town. An update will be provided soon.""