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2 h aamn Champion, Friday Apnil 16, 1999 Newfunding By IRENE GENTLE The Champion A new provincial funding formula has left Milton with a $690,000 shortfall, council heard recently. The bass stems from tinkering made to area community reinvestment funds (CRF). The fund was initially set up by the Province to compensate regions and municipalities for stcep downloadîng costs. 1I just want to reinforce the [set that the Town has tuaI $690,000 in comparison 10 our 1998 fund- ing," said Town tresurer Jim McQueen. Last year, Milton receivedjust ovcr $2 million. angle leaves Milton short; McQueen That dropped to $1.3 million in 1999, creating level sand dipping into reserves. he said. the $690.000 loss.Feso r tue The re-calculation (A CREs was .5flhouLced alter rt vrftr the Province said it would shoulder 50 per cent of Last year, $775,000 of Milton's $2 million CRF the funding of public health and ambulance ser- was socked away into reserves. Numbers re-jigged Since that lowered the downloading costs faced by the regions and municipalities, it spurred a re- calculation of ares CRFs. "This does have -an impact on the Town of Milton," wamned Mr. McQueen. Overcoming the shortfall could be achieved by looking at the tax room created at the regional to what' s happening here," said Mr. MeQucen. "It gives us a bittle flexibility." Mr. McQueen said he was worricd about the future of CRF money. "My concemn as treasurer is what happens if that disappears in 2000," he said. "Possibly slot machines may be coming juat in time 10 help us with the problems we're facing as a community." At Sears, we are big enough to have what you want... but amail enough to care who you are. Now $597 Kin or 30" electnic range. Electronic delay/ cook/off timer. #62491. Sears reg. 839.99. White-on-White and Almond-on-Almond also available; self-clean and self-clean convection estra Ail on Sale Seara televîmn mn your choice of 13 to 32" modela. Sears reg. 249.99-949.99. Ea. $229-9M r OFr UYA Save $100 CRAFTSMANe 14.5-hp lawn tractor. #60904. Seara reg. 1699.99. $1599 Locall SAUS NOR.7 1 STORE HOURSAN DOert bAy FORital hn FULl YER N:3OAJRAPLAN CE.O AT~SOR THE STR Y TRS te-39 eyrh 99Sar aaaIn * ANY S1DES 0F SEARS Jim McQueen Tax break atram SLACK on page 5 Reassuming 50 per cent of ambulance and public health costs triggered a recalcu- lation of CRF grants. "Halton saved over $6 million with pub- lic health and ambulances alone, but with CRF loases, it comes out to be $5 million," said Mr. Rinaldo. Overaîl, the owner of a $185,000 home can expect to shell out a total of $1,088 in regional property taxes for 1999. That's broken down to $269 for police services and $819 per year for regional expenses. 'he preliminary budget will likely go to counicil next Wednesday. Bank of Nova Scotia HOME BUYERS SEMINAR See our ad in 'lXesday, April 20 1h9 lz~ .7 tura%[je WORKSHOPS lissue SaIts and Vour Body Friday, April 23 7:00 pm-9:00 pm lherapeutic Touch Level Il Saturdoy, April 24 9:30 am-5:00 pm Therapeuflc Tauch Level Ii Sundoy, April 25 9:30 arn - 5:00 pm Tissus Sait Facial Readings Available Apdl 23 & April 24 CaffLinda 9fenéerson at (-905) 854-1654 o.. * We wish to draw your attention to the following in our current "ALWAYS A GREAT SALE" Flyer Page 10 - Rugged Artificial Turf, 99-6822-4 The Grey Artiical Ihmrf illustrated is flot available. Page 12 - 12V Cordless Hammer-DrilI. 54-2987-2. Copy reads: Reg. $199.99, SALE $149.97, SAVE $50.00 Should oead: Reg. $179.99 SALE $149.97, SAVE $30.00 We sincerely regret any inconvenience we may have caused you. -i. nd3 1 -Ali Lnn, R AMI %S 1 1