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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Matt is a BeaverCountian.com 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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