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
