A $5,284 financial request from the Fort Frances Canadian Bass Championship to offset arena rental charges may not get included in the 2012 town budget, according to some members of council.
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Fort Frances Power Corp. customers might get a break on a line item on their hydro bills later this year.
That’s because the FFPC has applied to the Ontario Energy Board for permission to decrease its delivery charges beginning May 1.
While the possible reassessment of the mill property here will play a role in this year’s town budget, it will be quite a while before council and administration find out what the impact may be.
It’s budget time again and it looks like town council will have its work cut out for it, facing a preliminary operating budget shortfall of $301,266—representing a 3.1 percent residential overall increase.
The Rainy River District School Board will vote to approve revisions to its 2011-12 budget at tonight’s meeting here.
If approved, the revised budget will see an increase of $614,627 to $48,952,635.
Ontario is implementing changes it first announced in 2010, and reaffirmed in the 2011 budget, by strengthening the Pension Benefits Guarantee Fund (PBGF) to help protect pensioners.
Beginning Jan. 1, the government will:
•establish a minimum assessment level of $250 for each covered plan;
•raise the base fee per plan member from $1 to $5;
Changes to the Ontario Building Code, effective Jan. 1, make it mandatory that new buildings be more energy-efficient.
As a “living document,” the Ontario Building Code changes frequently, but area contractors are encouraged to pay special attention to this major amendment, the town’s Chief Building Official Rick Hallam said last week.
Pessimism about our economy rarely pays off in the long run.
Time and time again when we were feeling particularly glum, things turn around before we reach any kind of disaster.
While that record is worth noting, Canadians and our counterpart south of the border are despondent. There can be no mistaking the decidedly subpar character of the current economic recovery.
The Ontario government announced last week the interest rate for the Variable-Rate Ontario Savings Bonds (OSBs) will be re-set at 1.00 percent for the next six months.
The rate reset applies to Variable-Rate Bonds purchased from 2005-08.
The next rate reset will occur on June 21, 2012 and will be reset semi-annually until maturity.
Ontario is providing families with five simple tips to help them become smarter consumers, shop wisely, and protect their hard-earned money in the New Year.
Simple tips to guide consumers as we move into 2012 include:
Consumers only should deal with businesses they trust. For major purchases, always shop around for the best price.