City nets $5.2 M surplus

There’s good news from City Hall: a budget surplus.

While many levels of government are having trouble balancing their accounts, city treasurer Corey Wight is reporting a $5.2 million unaudited surplus for 2012.

Delays in some purchases or projects are the reason for part of that surplus, he told city council Monday. But extra cash in some other accounts will go to the city’s Municipal Revenue Stabilization Fund, a kind of rainy-day fund that can cover unexpected costs.

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