Timmins introduces capital levy.Timmins taxpayers can expect a 1.24 per cent increase in their municipal tax rate to provide a $500,000 boost to the city's capital budget Capital budget A firm's planned capital expenditures. for 2005. The money will bump the 2004 base capital budget to $5 million for 2005. City officials are concerned, however, the new money New money In a Treasury auction, the amount by which the par value of the securities offered exceeds that of those maturing. still won't be enough. The city's five-year capital plan will plateau at $6.5 million in 2008, still short of the $9 million recommended for infrastructure maintenance. Coun. Yves Malette praised the foresight of the five-year plan Five-Year Plan, Soviet economic practice of planning to augment agricultural and industrial output by designated quotas for a limited period of usually five years. Nations other than the former USSR and the Soviet bloc members, especially developing countries, have adopted such plans for four, five, or more years., saying the document would help city administration plan for the future.
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