Northeast Kingdom Waste Management Report

While it was a good year for recycling garbage, it couldn't pay its way in a struggling economy.
The Northeast Kingdom Waste Management District wrapped up 2008 in what is called “fair” financial condition after starting off the year with a strong first three quarters. However, for any business in the United States, everyone was struggling during this last quarter due to the economic downfall that we continue to struggle through.
While the NEKWMD might have struggled through the last quarter of the year, recycling markets still ended up pushing revenues 7% above projections. For the year, 25 % of total revenues, which is roughly $166,000 came from the recycling market which ended up being their best year on record. However, due to repairs, increased fuel costs and hazmat disposal, costs were 8% above projections, thus leaving the NEKWMD with a deficit of $4,400.
Now, the NEKWMD is entering 2009 with a budget if $610,015, which is a decrease of 3.2 % or $20,000. Even with the decrease in the 2009 budget, all district fees will remain at their 2008 rates.