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Perth Financial Review Released

by | Jan 16, 2020 | Local News | 0 comments

The town of Perth is in excellent financial shape according to a review by the Ministry of Municipal Affairs and Housing.

The review is conducted every year, and Perth has been rated as low risk in all indicators and better than average or median for small municipalities in Southern Ontario.

“Essentially it’s a fair indicator of good financial management of the town over a long period of time, because the long period of time gives as the financial structure that we have now,” explained Brian Burns, town Treasurer.

The review looked at key financial indicators in 2018, and the only one indicator that was not better than the average was the town’s Ratio of cash to current liabilities but that picture has already improved considerably as of the end of 2019 according to Burns.

 

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