The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Council approves motion to hold down ‘78 taxes Page 8 â€" Waterioo Chronicle, Wednesday, December 21, 19077 Waterloo aldermen will become the darlings of the taxpayer if their latâ€" est scheme comes off without a hitch. Council decided Monâ€" day night it‘s going to do its darndest not to raise taxes next year â€" despite numerous new costs the city will have to bear, and rising existing ones. Council adopted Ald. Brian Turnbull‘s motion to establish policy for no tax increases in 1978 for municipal purposes. Ald. Turnbull said the city‘s wants and needs varies considerably with the amount of money it has to spend, and that budgets should work from a firm ceiling. He calâ€" culated that actual city spending could increase by fourâ€"perâ€"cent, based and no tax hike. Moreover, Ald. Tumnâ€" bull said he‘s confident cutbacks in city services will be nonâ€"existent, or so small they won‘t be noticed. But from a staff view point, the prospects of keeping taxes at the same level appear dismal. City treasurer Don Schaefer said it would be a ‘"very interesting fiscal experâ€" ience,"‘ to comply with council‘s suggestion. However, the city is faced more than a dozen increase next year, inâ€" cluding new contracts for city employees, operâ€" ating costs for three new city facilities. In addition, the city‘s public transit deficit is expected to rise by about 10â€"perâ€"cent, to $60,000, and the city faces inâ€" creased costs for street maintenance. On the other hand, revâ€" enues are difficult to preâ€" dict, but the city‘s surâ€" plus will be substantially lower than last year‘s $593,000. It‘s too early to tell, but this year‘s surplus should be around $300,000, Mr. Schaefer said. â€" Best Christmas window display in Waterioo‘s downtown, as selected by customers‘ ballot. is skiing Teindeer in O.W. Sports front window, at 92 King St. S. Proprietor Wayne Dearmond said he is thrilled with the win. Secondâ€" place went to Laura Sharpe Flowers, with Bergman‘s Jewellers t-ging third spot honors. Honorable mentions went to Wallar‘s Lagdies Wear, P.S. Bouâ€" tique, the Soft Touch, and the Royal Bank at King and Herbert Sts. Mayor Marjorie Carroll draws the name of the winâ€" ner for a trip for two to Antigua for a week in March part of the Waterloo downtown merchants best Christmas window display contest. Mr. and Mrs. Myron Schwadchuck, of 215 Wellington St., Kitchâ€" ener won. (~~A*4""7 *4 FOR KIDS IN THE HOLIDAYS! WI'znot tuck a ticket in a Christmas stocking! THE KING of the GOLDEN