Nova Scotia

24 Nova Scotia towns have carried deficit

Newly released figures show almost half of Nova Scotia's municipalities carried a deficit in at least one of the past three years.

Newly released figures show almost half of Nova Scotia's municipalities carried a deficit in at least one of the past three years.

But a senior government official insists all but one of the province's towns and cities are in good financial shape.

The exception is Bridgetown, which attracted national attention in May when its entire council quit amid allegations of financial wrongdoing.

The surprise move prompted some critics to suggest many other Nova Scotia municipalities were in financial dire straits.

Kevin Malloy, deputy minister of Municipal Relations, has produced figures that show between 2007 and 2010, 24 municipalities recorded at least one annual budget deficit.

But he said the number of communities in the red has dropped to only seven last year from 18 communities three years ago.

Malloy said that's quite an improvement.

Aside from the deficit figures, Malloy said other financial data show Nova Scotia's municipalities are doing a good job managing their finances.

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