Wednesday, September 19, 2012

Dryden's Finances A Mess

Dryden Mayor Craig Nuttall says his city is in rough shape and can no longer spend money.

Nuttall says Dryden's debt and overdraft limits are so high that banks are telling them ``enough is enough'' and he's calling on city departments to find cost savings.

Acting treasurer Adrienne Bodnarchuk says Dryden is carrying more than 27-million dollars in debt and has only has 163-thousand dollars in reserves.

Nuttall says if residents aren't using city facilities such as rinks and ball diamonds they may be shuttered to save money.