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Waterloo Chronicle (Waterloo, On1868), 5 Dec 2012, p. 8

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a-wuenwo CHRONICIE -Wedneodoy. number s. 20|2 t r CHRONICLE : 279% St N . Suite 3i) Walloon, Ontario V1] illit memento l‘u 5H) m» with Peter WINKHIR l’t‘HlJSHl-R . _ i ”‘W‘ IT’S SHAMEFUL 6 YEARS ' ‘ “osmosis“ , u i . t ‘4 .,. iiiiiiik m :29 ON AND wE HAVE MORE , , f. , ..._ 1 ”i t, f, : editorial@aaIcrliIx'hninis'ktu , __ ' , f ' \ ' \filllhmuflk‘flllkhflmklf ca DEVELOPMENT 0N THE TERLOO f.‘ i ' - t . ,, i 1 T"? t ”A ; h ”x “if“ a .:"“Syt:(2t;“:: that Link“ l:R(’ll '- ha ~. *hrwm-t kl l’URTl-LR cu .‘is “ E TH Ev BEF RE “t ”if icrtittd “alum-chronicle i'il t t ‘V ' w A 14,}! “I” . . -. Jami-t iAt‘itst w ‘ . Rl l‘UR’l'lJt cu 3m ll-h hunt“ “Merit-in hll‘llh Ic t J . ' \liVi-KrlSlMi .- :- i . t: 4 i in! -\Nl)l,k.\(),\ cu 2m .. . ‘ . . ' ‘ thiltiNAl \l) “Miami , . ' ' ‘ ’ t , . _ taiitlenoiwl‘ualerlinl‘hiuriii‘lciii ‘, ’t ”t n : ,l ' ’ ‘ ' ‘. if? ‘i :‘- - a - " " NAILS Ri:PRl-§l:NlMl\'l w‘ K _ .__. .. -»â€"- 3;»: 1-3-â€" , \iit-hciic s'rkvmst-u 3:: . . . c l“\lk‘\’€n§¢'Wall‘fltll'hn'fllt'1‘\J ‘ w 1‘. wk“? _" 43W. 7"] V I, ‘-‘l:‘, ' \.»\l.l‘$ RmmiiNr‘Aim- R . -- 5' v a" 5' ,?"4’,,.,1‘.; . liill atisnArrr ext 1:! ‘ "in, If]? 3‘“ ‘.~ I " ' i - i' -. v Manhunt! “dICfllll hmnitlc u ‘ 1‘ o I U . a ‘ ”to I ' ' on . _ , . f." 3‘: ,5 33,3. . '1' . (‘l ASSIHH) . , I.” r 3, t , "if » -. I . t no in" «no ". . 'u'. {I Kifiw ’ M” 7‘ oi (’lRt'l’lAnON ‘NXHO 2,00“! .‘l‘ , (uranium l’tihlit'alium Mail Stile-x â€" W t . t V . I . 7 V ' O O I ‘ Whit-mimmm. on.“ (i | R()\l( .l.l: H)! l( )Rl.-\lr enSlOIl SCUSSIOII necessary summit _ , . International Standard Serial Num- 0 9 here is a perception out strong defence of the plan at.“ Paying for itself Tum m. the cm, or H Wt c by Dean Good. head or me Auditedtirculaiion: 11.292 _ . _ Waterloo is opening up pan. " i ’ ’ ll local firefighters associa- A here were two measures at City counctllthis week dora's box with the discus- t \ t ) l ti { i ) lion. who argued the cnsrs is , “I W that lo:k at how future development Will be paid sion it started last night on overblown. or int ecity. public sector pensions The Ontario Labour Dena 0/ While proposed changes to the development charges Acting on recommenda- g Council and others have & v, , structure and discussion of a brownfield incentive plan tions made earlier this in - a ed this is one of those -~---- ‘ relaedh bothtlfthe't . ye w“! [gu~ -- the Waterloo Chronicle h puhlnhcd "“3!“ seem un ‘ ' I 9” a” 09 s or . 9W 0 by the Citizens’ Budget Task . _ wedge issues some politi- uth Wedntxda» by Mrlroliind determine how future development W1" be prioritized Force, former chair Mike 3 cians like to explort and is Mediafimup rm and‘how itwillbefunded. . Magreehan and Coun. another assault on the mid ”MARI“ PRESS COUNCIL lhe proposed changes for development charges Will Karen Scion struck up the i die class and the hard-won lhc Wait-rimt‘hnmtic n a member reduce the burden on new “wept” and pass. , it on '0 public pension forum concessrons that have or The Ontario the“ tutu-xii. which "OQ‘WSMEM'al development. 1‘ 5 a recognition 0f the because of the impending BOB improved their lot in life “mum umpllii‘lls again“ mcm reality that Waterloo wrll continue to grow up instead of fiscal cliff the city is facing VRBANAC They might not be ' 5: "MP-W" Anyti’i'mt’ll'm out in the future and shifts the funding model to the concerning its future wrong. as Progressive Con- .i rut no“. i min!“ at \ffllun or . . . . “mow «my; rim be taken liigllr 31","‘h sum" , . OMERS liabilities. almost double the $1.6 bil- servative leader Tim Hudak ”twelve! l‘nrrwlvrd complainh ”‘3‘ has some local “WWW“ arguing PM ““5 could OMERS is the Ontario lion it spent in 2004. has made addressing public it." he hrtiughl In Untam- ifmt stall development. and theyve asked the crty to phase in Municipal Employees That money goes right to pensions one of his hobby ( "um" 3 ‘ “W" "'"i- 3“”? any )tential increase. The roblem is ci staffers don't - - - ' . H was i Waterloo I706 immu UN we iii - [x . p . . Retirement System and is the City 5 bottom line and orses e n . ' ' khow where they ll make up the difi'erencc and it should- the pension plan that covers takes much- needed Region last Friday promis- (on mum nt fall to local taxpayers to subsidize developmem- most municipal workers resources away from the ing to address the sustain- m- umicnit of out "(rump-i m Some wrll argue that weve subsrdiaed developmem The problem is that it more than $250-million ability of public pensions if [Yuccu‘ld hy ("tough mi may hr for too long. With studies suggesting cities dont recoup was short of meeting its infrastructure deficit the he gets into office as ii on or run nun wrimcr I . _ . . . - . . . . . - - - ital purtyiiiwspall Jim-t rfgim m u“ “N5 "I new fil'bd‘V‘S'Qnfi 9m" 25 years do"? ""3 future funding obligations municipality now faces. another provrncral election may“, mt, “Hutch”, a, .t p," road In the meantime. thecitys infrastructure continues by $2.8 billion last year and The bad news is that looms in 2013 hihilcd To "):th my me ..i in“ to age while taxpayers ability to pay for it all is dimin- that deficit is expected to those contributions are only Magreehan and Scian material you mini not obtain the ished. _ _ t . V grow to $10 billion by the going to go up. leaving iax- believed it was time to start ”fil‘iumIMnIn’: Win "'.""..""“ 'lhats Why me my should 5m" l" the pnnCiple that end of2012 payers on the hook for the the discussion now before 1| 1" u I in Him-l Ill kiln . t V . r , . t ' I , Inf! Bub'V on“. hill“! Waterloo WM“ should WY f"? "5‘“ Andtunk"? the f_“"d'"3 can ()MERS expects its deficit difference and the crty wrth circumstances got out of (1mm k 379 We"! 3" ‘4 , Wilt he found by phasrng '" decreases to "5mm”! develop to shrink over the next 10 to less room to maneuver in control and these decrsrons so w.mim,t)uunu N21 WK meni charges. these developers should pay the freight l5 years. but in the mean- the future. were forced on us. They I. ”Hat” Kt Which brings usto another piece ofcorpomle “if“ time contributors to the Magreehan said those have had a great deal of - 7 I I . i . am the ~ bmwnficm incentives. l‘he WOW", stock in Waterloo Ian, namel the tax a rs enslon liabilities have blowback from other I l I!“ . litirninhrediit nun. . l h Id I P y PVC P . _ .. . .. In!" t lull mm “not": “in“ isdmlininganddeveoperss 0“ pay WWW" "- of the city ofWaterloo. have bankrupted jurisdictions in municipalities and politi- and ltk‘pbrllr number Atrium“ and rhey get the reward. so why should taxpayers con- had to make up some of the [1.8. and Canadian cians who would rather just when when m liq-don” I: siantly assume the risk for their business proposrtions? that shortfall municipalities won't be in kick this can down the road I i run In an in not ‘ ‘ L . "24.32.. 3:th hill not be mm ”fwflm’f'firm mighty; {01%; According to Fair Pen- much better shape going and have some othertun-for- MI “W "'an "If "it" "ml-L we saw? , ' ‘2: ‘ ‘“"_*i‘t‘;gi-53'?""vf"i¢ix:3 sions for All. a group that is forward. tunate council deal With IL is“; or in“: 1") :r'rlizullrixnngz r Meta” 1631,») mgr: "l'J-‘ffl‘yi‘n‘fflllk’f‘KIJJI w" trying to bring attention to The Chronicle's guest But if the discussion can t. ‘:,t:m','mf't,,wrm w, ”that“ ' Ti ' a 14â€",»ta....,...r,. w "2 .m :w if“? the growrng public pension column spot has been dom- turn ugly now, Just wait until ... m rut-ii in «ruminant-m when - . t a, .t, ' .. ,, 't' problem. the (Arty of Water- inated by a back-and-forth more people start collecting - '“I'WMWU W M "ml ”' *l" ,;f ‘1‘. . r. . 4i ,’ a a ». one“ , ? 5 “3‘ loo s cm 53.1 million on debate on what to do about benefits It's better to ensure . V. . it . W e mm, mm - a P . . $110“ 1'.“ xi... "ll‘n\.h"n:rrlinu $3.15??? I” gown-awn - ‘ pension contributions to this issue over the past cou- the plan is sustainable now with. ~2i mu ’ ~ 6 .. : t Movie - , t . t . OMERS in 20l0. which was ple of months. including it than bailing it out later.

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