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Bancroft’s water infrastructure could eventually see surplus

The town of Bancroft is expecting to have a surplus from its water system infrastructure at the end of 2021.

CAO Hazel Lambe says the town is expecting to have a surplus of about $416,000 for the infrastructure, although any leftover funds would be moved into reserves.

A report to Bancroft’s Committee of the Whole from Treasurer Craig Davidson states the water account is expected to end in a deficit this year.

The report also sets out that, so far this year, the town is operating under its 2016 budget guidelines.

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