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Municipality of Pictou County Posts Surplus in 2018-2019 Fiscal Year

The Municipality of Pictou County ended the 2018-2019 fiscal year in the black. County Council has approved its 2018-2019 financial statements, showing the general operating fund posted a surplus of $449,240.

The county collected $19 million in taxes from residents and business, but $5 million of that amount automatically goes to provincial services such as corrections, education and the regional housing authority.

The largest expenditure for the year continues to be protective services, such as police and fire at $6.3 million. Total expenditures in the general operating fund was $13.2 million. Reserves are up by $800,000, which Warden Robert Parker says allows the county to invest in its rural broadband project, that will see high speed internet available to all homes in the county in the next few years.