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t »nncdllhe _ We discovered we had underestiâ€" anated that expenditure," she said, ‘adding that the board had "double ‘tounted" some enrolment figures at the time the 1992 budget was comâ€" The separate board had estimated this year‘s tuition fees at $13â€"million, but the actual figure will be about $14.05â€"million, Mitchellâ€"Pouching An estimated 2,012 secondary school students in the Catholic system will transfer into the public system this year. Under an agreement with the Waterloo County Board of Education, the Catholic board pays the public board $6,800 in tuition fees for each of its students that transfer. "~ This week‘s financial crunch is the second faced by the Catholic school board in the past year. Last winter, during budget talks, board officials revealed a $2.3â€"million deficit left over from the 1991 budget. :. : Most of the new deficit is the result of "a mixup" in the way the board calâ€" ‘Culated its cost for separate school stuâ€" dents who choose to enrol in public ‘econdary schools, board treasurer ‘Helen Mitchellâ€"Pouching said yesterâ€" fficials at the Waterloo Region O Separate School Board have imposed a spending freeze on fioard operations and are conducting &n emergency review of departmental budgets to cope with a looming â€" and unexpected â€" deficit. * The board announced Monday that Beveral miscalculations in the 1992 Operating budget will result in a $2.7â€" million shortfall in the board‘s $135.6â€" million annual budget. Chronicle Special fficials at t} Separate Sc imposed a s soard operations an By Brian Reid ‘Mixup‘ means $14M detficit for Catholic board of ed A report on the igsue, however, says (Continued on page 12) City of Waterloo which had the followâ€" ing results: Knox traded a portion of its Marsland Centre Inc. has signed a lease agreement with accounting firm Peat Marwick Thorne which will see them replace the Region of Waterloo as anchor tenant in the Marsland Centre office building by spring 1994. "Everybody‘s happy," Marsland Cenâ€" tre president Larry Marsland said of the deal. "It‘s going to be good for downtown Waterloo." Waterloo Region offices in the buildâ€" ing will be vacant by September 1993, however, Marsland said his company requires the offices to be vacant in the winter of 1993/94 in order complete renovations. The deal with Peat Marwick Thorne had been contigent upon a deal struck August 19 between Marsland Centre, Knox Presbyterian Church and the Marsland Centre deal signed as part of the mall‘s Sport Card Collectable Show. Twoâ€"yearâ€"old Russell Cocev poses for his dad with hockey‘s legendary Golden Jet, ;obhy Hull Saturday at Conest Mail. Hull, Johnny Bower and Eddie Shack were at the mail last weekend signing cards; pictures, pucks and sticke ONE HULL OF A GuYy! land fronting on Dupont Street for an equal portion of the city‘s Knox Parkâ€" ing Lot; the church was given the option for six months to purchase the balance of the Knox lot at fair market value; the city sold the cenotaph lot, including a portion of the church lot, to Marsland Centre and Marsland Centre has agreed to move the cenotaph to city property near Station Parking Lot at its own expense. The deal allowed Marsland Centre to build a twoâ€"level parking structure for its tenants on the north half of the cenotaph lot and the land behind Knox Church, which Marsland had said was necessary in order to attract Peat Marwick Thorne to the building. "We‘re very excited about it," said Warren Hale, managing partner with Peat Marwick Thorne. Hale said more than 100 employees Tom Brocketbank photo Marsland said the parking garage which is to be constructed on parts of the current sites of the Waterloo cenoâ€" taph and Knox Presbyterian Church lot is in the design stage. Bob Byron, Waterloo‘s chief adminiâ€" strative officer, said he will be recomâ€" mending to council that the remaining portion of the cenotaph lot be rezoned as green space. will be moving into the Marsland Centre offices, which will replace the company‘s Columbia Street office. Much of the Kitchener office will be moving to the Marsland Centre as well, he said. Although the deal requires Marsland to move the cenotaph to make way for the parking garage, no schedule has been arrived at yet, and the cenotaph will not be moved until after Rememâ€" brance Day (November 11). were 41 per cent ($740,000) lower thatr expected because of the continuing develâ€" opment slump, everâ€"lower interest rates kept the rate of return on the city‘s investments down 1.1 per cent ($350.000 and revenues from sewer and water con sumption were down $264,000 because of the wet summer and other unknown the projected budget deficit completely "A sluggish et;nny has resulted in declining revenues and increasing costs," Rydzewski told council. . He said that by June a trend had begun‘ The City of Waterloo has taken steps toward erasing a $565,000 projected 1992 deficit caused by the current economic John Rydzewski of the chief administraâ€" tive officer‘s department presented a seri ous of charts and graphs to Waterloo council at Monday‘s regular meeting which explained how a restraint program put into place in each department resulted in a savings of $587,600 â€" enough to cover City belt tightening wipes out deficit (Continued on page 5; ul