St. Johnsbury board reveals $576K town deficit - WCAX.COM Local Vermont News, Weather and Sports-

St. Johnsbury board reveals $576K town deficit

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ST. JOHNSBURY, Vt. (AP) - The town of St. Johnsbury, Vt., says an audit shows it ran a $576,000 deficit audit last year.

The Caledonian Record reports town officials had expected a budget surplus of around $233,500 for 2012. In July, they reserved that money in several municipal funds.

On Monday, selectmen voted to reverse the July reserves to apply the money to the deficit, lowering the amount to about $342,000.

The selectmen said residents can expect more details about the deficit soon.

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