Tuesday, January 19, 2010

Budget Work Underway

Fort Frances town councillors got down to business last night on the 2010 budget.

New numbers show a shortfall in the operating budget of about $530-thousand which Treasurer Laurie Witherspoon said is partly due to a change in provincial tax ratios.

"When I gave council the information in December I didn't have the new starting ratios the province was going to give us," say Witherspoon. "What I gave you was the estimates based on the 2009 tax rates."

Some reduced costs to proposed projects has trimmed the capital budget from $10.8 million in December to $10.