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Rhodes Reports $1.1M City Surplus

December 28th, 2017 by WCBC Radio

The Cumberland Mayor and City Council received strong criticism this past summer when a nearly ten percent tax increase was approved as part of the budget. On a more positive note, the city’s reserve fund has been restored to a much healthier position than it was just a few years ago. In 2011 the city found itself with a reserve fund deficit of $1.5 million.  City administrator Jeff Rhodes announced at the final city council meeting of 2017 that it now shows a surplus of $1.1 million…

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