Healthy surplus for TBL in 2016

Caroline Cusson, the town’s treasurer unveiled the latest financial statement for the town at the May council meeting. For the past year, the town’s operating surplus came to $921,000. The revenue operating surplus reached $453,000, the bulk of which, $426,000, comes from the welcome tax. Many properties were sold in 2016 in TBL.

As far as the debt is concerned, it stands at $9.2M in 2017. Some $202,000 was allocated for capital and interest reimbursement last year.

$126,000 of the surplus will be allocated for future sewer services and $500,000 will go to rev up Knowlton.

The town’s overall operating revenues in 2016 reached $13,769,000 and expenses were $11,202,000.