Comment 69650

By Fred Street (anonymous) | Posted September 15, 2011 at 09:26:11

"Finance head Rob Rossini said councillors will have to head off at least $32 million in “budget pressures” to meet their goal in 2012. Those pressures represent a residential tax increase of almost 5 per cent. “Compensation drivers are huge,” Rossini said, noting about $11 million of the budget pressures are attributed to salaries and related costs." That number also includes "unknown costs associated with battling the Emerald Ash Borer and operating the Lister Block."

http://www.thespec.com/news/local/article/594708--buckle-up-it-could-be-a-rough-ride

My calculator doesn't have a question mark on it, but I'll take their word on the math.

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