Clarenville shows $7,000 deficit for 1967
The Clarenville Packet has learned that the town of Clarenville had expenditures in excess of its revenue by $7,524.97 in the year ending Dec. 31st, 1967. This statement was $87,512.66 while the total revenue for the same period was $79,987.69.
The biggest single source of expenditure was the maintenance of roads which soaked up $18,196.08 of public funds. Close behind were general government expenditures with $15,975.05 and debt charges (principle and interest on debenture debt and longterm debt loans and interest on temporary borrowing $15,369.93).
Sanitation and waste removal cost the people of Clarenville $13,604.59 and capital expenditures out of revenue (land, sewer line, recreation center, snowblade assembly, truck and water line survey) $10,935.82.
On the revenue side of the ledger counsel handled $38,570.08 taken in taxes. Grants from the federal government made up another $34,951.81 with $28,712.45 of this total coming in the form of the province of Newfoundland revenue grant. The government of Canada centennial grant cane to $870.93.