This surplus is primarily related to an increase in revenues of $1.1 billion compared to the original estimate, mainly due to higher than anticipated taxation revenue and offshore royalties.
Government has a $323.1 million surplus for the fiscal year that ended March 31st. That’s a $674.5 million improvement compared to the original estimated deficit of $351.4 million. This surplus is primarily related to an increase in revenues of $1.1 billion compared to the original estimate, mainly due to higher than anticipated taxation revenue and offshore royalties. This was offset by an increase in expenses of $445.5 million compared to the original estimate.
Water line flushing is underway in Corner Brook and residents may notice lower pressure and discoloration
Run the Rock is underway with a goal of raising $200K for children with critical illnesses
West coast organizations among 100 in NL to share over $3M in funding
NL Hydro extends power purchase agreement with Corner Brook Pulp and Paper for one year
Noise bylaw lifted to allow drumming during the annual Elmastukwek Mawio'mi in Corner Brook next month
