Town may be in hole in excess of $400k: Town manager paints gloomy picture for council as new fiscal year set to start …

calendar June 29, 2009

MERRIMACK – Town officials painted a grim financial picture Thursday as the current fiscal year comes to a close. Due to belt-tightening in the state and lower-than-projected local incomes, the town may be more than $400,000 in the hole as it enters the 2009-10 fiscal year, which starts July 1.

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Town may be in hole in excess of $400k: Town manager paints gloomy picture for council as new fiscal year set to start …

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