Officials say Derry budget in good shape so far
Councilors were given a summary last week of the town’s finances through the first quarter of the 2014 budget by Chief Financial Officer Frank Childs and Controller Janice Mobsby.
The town also did a better job of collecting taxes compared to the same time last year, and there has been a decrease in unpaid taxes, Mobsby said. In addition, foreclosures are also down for the same period.
“So, the fact that foreclosures are less and we’re still collecting strongly and even better than we were last year at the same time—it’s a positive sign for the economy, ” Mobsby said.
“At the moment, we are on track to meet the budget,” he said. “As we get into the third second quarter report, and then more importantly into the third quarter report, we’ll have a better feel for how things are going.”
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