February 16, 2025 - 11:58

Recent audits have revealed troubling financial practices within Cumberland Council, indicating significant weaknesses in its fiscal management. The findings suggest that the council has been consistently overspending, failing to adhere to its budgetary guidelines. This overspending has raised concerns about the authority's ability to maintain financial stability and deliver essential services to the community.
Moreover, the council has not achieved the savings it had previously projected, which were intended to help mitigate the financial shortfall. This failure to realize expected savings further exacerbates the council's financial challenges, leading to questions about its long-term sustainability.
As local authorities face increasing pressure to manage resources effectively, the revelations from the audit serve as a wake-up call for Cumberland Council. The need for a comprehensive review of financial strategies and operational efficiencies is critical to restore public trust and ensure that the council can meet its obligations to the community in the future.
August 15, 2026 - 04:54
Finance critic Peter Milobar leaving B.C. Conservative caucus to sit as Independent MLAPeter Milobar, the MLA for Kamloops-North Thompson, has officially left the B.C. Conservative caucus. He will now sit as an Independent member of the legislature. Milobar says the decision comes...
August 14, 2026 - 04:46
Capricor Therapeutics Reports Second Quarter 2026 Financial Results and Provides Corporate UpdateCapricor Therapeutics has released its financial results for the second quarter of 2026 and provided a broader update on its corporate activities. The company is focused on developing cell and...
August 13, 2026 - 08:10
Willamette Week: Candidate's plan for Multnomah County raises campaign finance questionsThe race for Multnomah County chair is tightening, with three candidates now vying for the top job. Among them, former county commissioner Sharon Meieran has put forward an unusually detailed plan...
August 12, 2026 - 21:51
New York State Department of Financial Services Announces $15.5 Million Multi-state Settlement with Mortgage ServicerThe New York State Department of Financial Services has announced a major multi-state settlement with a large mortgage servicer, resolving claims that the company improperly charged borrowers for...