St. John’s reports $6.7M operating surplus for 2025

The City of St. John’s reported a $6.7-million operating cash surplus for 2025, representing about 1.8 per cent of its adjusted $378.2-million operating budget. The results were outlined in the City’s 2025 Executive Summary Report on Revenue and Expenditure, presented at Monday’s council meeting. The report used the same cash-based accounting method as the City’s annual budget and compared actual…