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expected to enjoy a surplus of $400,000 by the end of the year. A large reason the city appears to have an operating budget surplus at present is because of a significant growth in the city‘s supplementary taxes. Yeates said that‘s largely because of reassessment changes that took place in 1995 for the 1996 taxaâ€" Surplus The city‘s development services is also The city‘s supplementary tax revenue is duieicomiig td ic aredincmrrance m O (Continued from page 1) Development services is also enjoying a $270,000 surplus at present because of some vacant positions in the department. Interest revenue is down this year because of falling interest rates, Yeates said. ated with Luther Village in the Park‘, the seniors complex being built north of Sunâ€" fuelling the surplus thanks to significantly lmedmhmh:fiqpafls from what was budgeted. Wage costs have increased beyond what was allowed in the budget, school boards have reduced the subsidies they pay to have children bused to school and the federal government has ities used to enjoy on transit operations. $220,000 less than budgered if rates conâ€" timue to decline. Transit is also down about $158,000 Final interest income could be up to 'PM&PO‘SIM Assorted Colours Reg. $12.95 Mov. 17, 1996 12 ncen â€" 4 pm Featuring holiday decorating ideas and door prizes WATERLOO LOCATNOM OPER #ORY :\ 4 _ . ,â€", YOU AnE IwvITED To our _ _ _ CHRISTMAS OPEN HOUSE ARE YOU PAYBIK T00 flower & Gift Shop