Wednesday, February 5, 2014

Capital Budget Close To Being Finalized

This year's capital budget for the town of Fort Frances is all but set.

Chief Administrative Officer Mark McCaig says following the elimination of some items and identifying different funding sources for others, the $ 8 million list has no need for any long-term financing and will have no impact on the operating budget.

Some of the projects are contingent upon the town receiving government assistance.

About $3.5 million would come various reserve funds, if the town did all of the projects identified, reducing the amount the town has to about $7.4 million by the end of 2014.