Monday, March 20, 2023
27.3 F
Monday, March 20, 2023

Midland Borough DCED Meeting 2-18-2020

Solicitor Myron Sainovich was absent for this meeting.

[04:45] Key Findings

– The borough has been running an annual deficit from 2014 – 2018

– Cumulative debt from 2014–2018 was $977,000.00

– The fund balance went from $600,000.00 to -$280,000.00

– Revenue is down 1.8%.

– Earned income went down $200,000.00 between 2015–2016

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Matthew LaComb
Matthew LaComb
Matt is a multimedia contributor. When he doesn't have a camera in his hands, he's often conducting research projects for the site.

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