Wednesday, February 17, 2010

Capital Budget Cut

Fort Frances town councillors trimmed more than two-million dollars off its 2010 capital budget.

Most of the cuts made during a budget meeting yesterday were projects dependant upon government grants.

The reductions bring the capital budget down to a little more than $6.5 million.

The shortfall in the operating budget is still at $246-thousand which would translate into a 3-per cent residential tax increase.

The budget, though, is not expected to be final until April.