Ontario Community Newspapers

Waterloo Chronicle (Waterloo, On1868), 18 Feb 2015, p. 10

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' l iii-is Kit in I wt lintwit ii ‘\\rillit‘\tia\ lfhflldfv m 3111‘) o r . Rates come llltO BfiBCt March 1 "Ml-x ‘ ’\ Continued from page 1 heavy borrowing. Avoiding that borrowing is a ' a ' . part of the reason why the region maintains ’ ' . l'lie region's (Zhiet l'inant‘ial Officer (Iraig its credit rating. ‘ U 't OW n ’ J Dyer, however. cautioned that many of the “1 would caution you not to go down this f iii’l‘il municipalities have already set their path. This IS the regions plan. Reserves are DE NTAL HYGIENE riites based on the region‘s projections. low and 1 think to drive them further down ' meaning sayings wouldn't necessarily he would threaten our good finanCial planning ’ passed down to residents. here." Selling said. Now You DON T HAVE To The region sets wholesale water and According to a staff report, with the user “ u . wastewater rates and each City uses those rate increases. the wastewater reserve bal- BREAK THE BANK FOR A DENTAL CLEANING! figures to set its retail rate. ance for 2015 would be $17.6 million with . . The other potential impacts of decreas- asset replacement costs at about $989 mil ° Dental cleaning & scaling ing rates. according to Dyer, would be less lion. On the water side. the reserve is esti~ . - ' . money in reserves and therefore a higher mated at $30.1 million at the end of 2015. . POllShlng & fiUOI'lde ' 3% probability of issuing debt to fund projects with replacement costs of $870 million. 0 Mouth uards . ’ within the next five years Dyer said there is “To look at a billion dollars in assets in , g ”A“ specific concern about the wastewater utilities. and to have the kind of reserves we - Periodontal disease care reserve, which will drop significantly within have is really small. We did compare them to , - - ~ - » the next two years because of capital invest- other two-tiered water systems and we were . Spd Dent Whltenlng & home Whltenlng trays merits. certainly at the low end,” said Conn. Tom a" g ' - __ W But Vrbanovic said those were only Galloway. urging councillors to reject a one . l.l m ST. "'0 . . s.”m " potential impacts based on projections per cent decrease in rates ' . ‘ " l ” *' l ‘ .. . ~ “The reality is the lower-tier municipali- Conn. lane Mitchell said she would he - . .' ties have. in fact. swallowed some of that voting against a decrease. in part because Increase in the pat because the reality is. she wasn't confident the savings would be it was high and we were trying to keep it rea- passed down to residents. ‘ sonahle," Vrbanovic said “If we give the one per cent increase. we But Regional Chair Ken Selling said it isn't are giving the cities a bonus. 1 would say a the job of councillors to set rates for the area good deal, because I'm not sure this would municipalities. go to the consumer That‘s my concern." she "We are here to set the region's budget. said. i The TaSties‘ Pm 8‘ Wings In Town. not the area municipal budgets," he said. “Yes, 1 know interest rates are low right 239 Weber St N Waterloo “This is not a nice to have budget. these now. but if you are listening to the business are actual plans for infrastructure that are news we are also getting warnings not to go 519-880â€"8889 required tortireti municipal groinh." into debt just because the rates are lo“ } He said often it‘s up to the region to pro- lietriiise there will he a day of reckoning." ' \1(lt' servites ahead of .ireri growth and the she added. user rate plain allows the region to avoid l'he new rates Will go into effect March 1 v ”V . f 5 > . is" a 1 “7‘ ‘ . . 25' E "gf. - 5 l _ p I . _ ‘é xvi“. '- *0. {‘1‘ . v- w. ,J ;- - , Total Car Care. . ca‘” .3 V - .m ‘ . . 5.4 . r . * -... . : , an; AC; . i. If “ e I - . _ . a» ‘ ‘ . . 2 _ {i it ~ .. _ . . .. .-, . i . . , a _ . , l‘.‘ £8 7- -_ W. . - . - .. Oil Change PLUS 1 ‘ Service Includes: - Oil and filter change - up to 5 litres I of 5W/20 or so oil - . - Rotate and inspect 4 tires . Top off windshield washer fluid 0 Sofa»), Lose 2 . 7 [b5 A Weelt .Guoronteed - Courtesy check including Visual Brake Check: _ . J Tires ./ Battery ./ Air Filter . 0 OneOnVOne Personal Coaching ./ Fluids ./ Lights, belts and more. . is"... “W.“ O lndivlduolized Program For Men, I d W en & Adolescents ' ' " 0'“ Lifetime Guaranteed 0 Quick 8. E05 Results Usmg Grocery Store Bought FooclVS- Herbal Supplements Brake Pads or Shoes' Installation Extra. FREE NO OBUGAHON m“. o. Wm." 15 MIN. co~surmno~s - f ’ _: . WATERLOO 20 U niverSIty Ave. East 519-885-5410 llg'lEfi-HL- \ El '5 425 Universny Ave. E. - *l‘l'l'li Man-"pm.”- ~ul‘t'ln'u L...u..... {Universnylfifindge} .lr...,.,‘,.,,,_‘_.,,m ”MM. 1‘ .fl. I ” N.,¢,..,._l,"", ”fl‘ '1’" rum-a a.“ -- Pr- r. Muir 1mm- M“... “u'rI.A"- -~. 1- um 11-. I a ‘ai’ \‘ u- w r... .. .. w.“ "e'b°l°"e‘c°m “974470“ 2137"‘.""" t i “$.11? ": 2 .. .:..1 - _ j lee US on m “Wm (om ‘W‘ ' " ' ‘ t " . “" -‘ W 4 I" ’ “‘r» m- x , >r“.-.v.. y. , ,. ..., .. ‘

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