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l I "7â€"â€""â€"â€"â€"â€""â€"'â€"‘ if 7 ‘ n t wartime mun mm . 3 “Serving your community since 1856 â€"-â€"â€" l l l l V V ~ | l t WEDNESDAY. AUGUST 17, 2011 ' WATERLOO. ONTARIO * 5| INCLUDING HST ‘ M l . , . , » if?» 31": t : "V a "s . . i _, j g _, 2 R 1I l ' S - o l f'12 ‘ / . ‘ eglns , 45': Bit PAIGE DesmoNn , .. - l ( hrorm‘le Staff :Eififilg ARTS Focus ‘ ht'lt n t'lHllL‘x It) the (Zity of 4 .- 3‘4» Succeeding without ‘ Waterloo» budget there are . ct ' - f :1: ‘3 .-" really trying/Page 1 7 some things that simply can't ,. \ H , . f1. ‘ 4,“ ‘ - 4 i l he changed. leaving other items poterir , ‘ " - “75 i’ ,. {jg} ‘ a 4 a. : ‘ tially on the chopping block. * ._. . “a K » 13:4»; 3. 4 43. - sf l . . ,\ . f 5;,“ $1.1.- a \v ‘ ' ‘ t l In a budget meeting Monday morn- - 4 - . 4 5 3"" 4 .. . I; 1 mg. council heard from acting financial , _ ' : . ", flax it 3 if. ’ 4‘ fl ' h ‘ l offiu-r Paul llettinga and Karen liskens. , - '3 ,’ .3" ,~ 4 . . fl. 4 ‘ director of budgets and financial plan 35:1, .4 .. ‘ ‘9» '."'_ 4' 43:. a.» lung, about the city's current and fore» EC???» " , ‘_ ' 51’ 'v . - “3- - l casted financial realities. £4444 ' '.-‘ '4- ‘ V V ’ - .1. ~~ ~ V r a __, ‘ l'he overwhelming theme was that '7 " , -‘.‘--'-‘. c '4‘: 7 ‘ ( .4. a" some tough decisions are ahead. - Ag‘ . 4 . .‘ ~ ‘ 3” ' . _ .7 J . i t ‘ “We need to focus on what we must ‘ » ' -‘ 3" V' v t 1 I” 9 ’ , a“ ' i do to sustain this community," Court. : . . t4.“ ’ " a. ,‘4 U ‘ s V \‘ ‘ MarkWhaJey said. t -' _ ';‘~4_‘5./._; . ave-’9‘}- - . ‘ e. :1" - ‘ 0 .. 95’ a I Assessment growth is waning. the _--P - 4' ' 7, V- w. .0 â€" ' ‘ l infrastructure deficit is increasing. a ‘ ~' " ' a ' » 4 I reserve levels are growing at a slow rate “‘ ;,F. ‘ c A m s A, - l and debt levels are declining but still "‘ '_ ‘ , " 4 ' 1 ‘ remain high. I - .t > " - . 4;; SPORTS 1 l The City's current infrastructure deficit , .~ ~ ‘1'- -t$‘[-r4‘ 9 ~ I l stands at about SIGS million. ~ _ . . ' 4 \ . ' _ - ' n . Have but, According to llettinga. it would take ' ' 45‘-“ ‘ " ‘ r - ' ‘ more than 200 years to address the -" a _ ‘ ., ‘dl “if,” ”at?! ; urgent needs for infrastructure and the ' a ’ . age 1 deterioration will occur faster than the .~ ‘ I city can rehabilitate ‘” ' 1 Starting in 2008, council established a t capital infrastructure reinvestment reserve fund with dedicated annual funding of about $h00.00(). ' V ‘ . At the same time. more than 55 per â€" cent of the city's expenses come in the V 4 t form of staff salaries and cannot be cut. “ ' ‘ ' ‘ t For 20] I, counctl implemented a 1.89 » 3 per cent tax increase A report to council fort-t asts a 2 per cent increase in 20l2. 2.5 Slide ride we“ mm . 4 ‘ percent in 20l3 and 3 per cent in 20! 4. ' fi : l'he average household assessed at The City of Waterloo held water Olympics for kids at the Moses Springerpool on Monday. A dozen chil- l 3254.000 would Dav an additional $2015 dren between seven and 12 years old competed in a number of events, including swim races. slide races 1 ' and more. The pool is open for public swims seven days a week, ‘ Continued on page 7 ' I ‘ 0 l I | | l â€"â€" a ,,/‘ 1 g g. ,. TAKE YOUR SUMMER ON THE ROAD. ; 5 ~ I 9 " 1 t -5 a I , t t _ . â€" 5", I 0 0 ‘a a ,1. I ‘ custzwnw , 53:5;- 4-4 -:: or MIN! Mtitons , ’“‘_“'\ a: .7 ‘ is: 3: urnâ€"y 20mm ‘ 1 J - . . nan- (III-In It“ .‘ Km. 0“ l I ' Tel: (51?) “M f ‘ roassTER , - 7 “.mmeom i W