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* _ Countil held a preliminary operating budget Chronicle â€" WATeRLOO PuBLIC Liss | | i \m._ m "City council eyes 1996 tux hike of 0:3 per ce f he average City of Waterloo taxpayer I tould be paying $1.40 more in city taxes & .~next year thanks to a meeting of Waterâ€" ACTUALLIY, IT‘S NOT THE DELTA LINK SUSPENSION THAT MAKES iT EASIER TO HANDLE. ©1994, Volvo Canada Lid. Drive Safety is a trademark of Voivo Canada Ltd. Section, Visitor magazine* Opinion ........ Entertainment .......... Lifestyles ....... The Waterioo Chronicle is celebrating its 140th anniversary this year â€" our special second secâ€" tion looks at our past, present and future. ing emotional support as well as medical inforâ€" mation for those living HopeSpring, a new facilâ€" ity in Waterloo, is offerâ€" *Selected areas only. dommmiep e Ad 15 10 A survey paid for by Waterloo council predicts a growth of approxiâ€" mately 3,000 new jobs in Waterloo‘s science and technology sector over the next five years. John Whitney, the president of Whitney Sommerfeld Inc.â€"Realtor, released the information at a Waterâ€" loo Economic Development Commitâ€" tee meeting Tuesday. Waterloo .council approved $10,000 to Whitney this past August to conduct a study on what Waterloo should do to sell its excess industrial Survey predicts 3,000 new jobs in city‘s science & technology sector Wedne meeting Monday to discuss the first phase of the city‘s 1996 property tax levy. It approved a tentaâ€" tive 0.3â€"perâ€"cent tax increase on the city portion of the 1996 property tax levy by chopping $1,054,996 from the originally projected 1996 city levy of $25,871,236. However council was not taking into account Monday the expected 20â€"perâ€"cent cut ' d‘eukiogequtnBKMownyourVolvodulcn \ _ ~:« You‘ll see that it‘s one‘of the casiest cars to drive. The Volvo 850 GLE is now one of the more affordable European front wheel drive sedans that include air conditioning, dual air bags land. Whitney expects to release his full report to the committee at its monthly meeting in January. During Whitney‘s survey, 63 of the current 96 science and technology companies located in Waterloo responded to his questions while only seven of the 29 industries in the city responded. From the survey, Whitney has determined that Waterâ€" loo clearly has a very different marâ€" ket place for land compared to other area municipalities, For example, according to the surâ€" in provincial transfer payments which likely will be announced by Ontario Finance Mirtisâ€" ter, Ernie Eves, today when he reveals his longâ€" awaited miniâ€"budget. Council will have to deal with that impact on the operating budget (an expected $833,425 loss in revenue) at a later date. Going into the meeting Monday, council was As well, the phenomenal growth for the city in the future appears to be in the science and technology sector. In 1980, there were only 21 such companies in the city. That number vey, 67 per cent of the people employed in Waterloo‘s industrial, office, institutionaF and science and technology sectors were employed in the office and institutional secâ€" tors alone. That compared with about 41 per cent in those sectors in Kitchener and only 23 per cent in Voivo 850 GLE Bâ€"K MOTORS 485 King St. North Waterloo, Ont. 485 King St. North, Waterioo, Ontario __.__ _ (§19) 885â€"5090 vered¢ considering raising city taxes for the average city taxpayer by only $0.47 in 1996 (a 0.1â€"perâ€"cent tax increase) but decided not to go ahead with an extra $81,289 cut in expenditures proposed by city staff. An average City of Waterloo taxpayer currently owns a $150,000 house and has a 1992 property (Continued on page 2) Bâ€"K MOTORS "If this sector is going to continue to grow, and definitely the science and technology sector is going to continue to grow, then I think we the city should rezone some its dor mant industrial land in order to accommodate science and technology growth," Whitney said, when asked if has now increased to 96 in just 15 to do is start planning for the "I think what Waterloo might want VOLNVO (Continued on page 3) aur i4