Rutland gets a clean audit - WCAX.COM Local Vermont News, Weather and Sports-

Rutland gets a clean audit

Posted: Updated:

RUTLAND, Vt. (AP) - The treasurer for the city of Rutland, Vt., says the city is in good financial shape.

For the second year in a row, the city has received a favorable audit.

The Rutland Herald reports Treasurer Wendy Wilton points to several highlights. She said the city's assets exceed its liabilities by more than $34 million. There's been a decrease in long-term debt, particularly in money owed to the pension fund.

The city also had healthy year-end balances in its general fund and cash on hand.

Wilson said, however, she was worried about the effect the region's economic health was having on the city, noting that a decline in tax revenue will make it hard to maintain local infrastructure.

The audit was referred to the Finance Committee for further discussion.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
All content © Copyright 2000 - 2017 WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.