Tuesday, January 18, 2011

Budget Discussions Begin


Fort Frances town councillors sat down last night to begin their discussions on the 2011 budget.

Treasurer Laurie Witherspoon says while the operating budget is coming in "bare bones," the capital budget is still concerning.

"If we took a look at it as it stands right now, we would decrease our reserve funds by approximately 21.6 per cent," says Witherspoon, "and we would increase our long term debt by approximately 40 per cent. So you know we have a long ways to go."

The capital budget is currently at $8.5-million dollars with over $3-million targetted to come from reserves.