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

Rutland gets a clean audit

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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.

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