La Banque Scotia remet 4000 $ aux Optimistes
"$56"- * 54 r /&84
Casselman mayor eyes municipal bond idea
GREGG CHAMBERLAIN gregg.chamberlain@eap.on.ca
projects that involve loans become part of themunicipal debt load and are paid off over a number of years throughmunicipal taxes. Lamadeleine argued that removing water and sewer improvements from themunicipal debt load will provide municipalities with more borrowing power for other infrastructure needs, which would then
It works for many American cities, so why not north of the border formunicipalities in Prescott-Russell?Themayor of Casselman wants the provincial government to allow Ontario municipalities to issue their own investment bonds. Mayor Conrad
attract more local business investment, including residential housing, and increase both the amount ofmunicipal and also provincial tax revenue. Water and sewer project debts would still be paid off through user fees. The mayor’s second proposal is for the Ontario government to
Mayor Conrad Lamadeleine found many sympathetic ears and supportive votes around the table at the United Counties of Prescott-Russell council (UCPR), during its June 22 session, for a letter he has sent to Premier Kathleen Wynne concerning municipal financing problems. One suggestion from the mayor is for the creation of municipal bonds.
Lamadeleine found many sympathetic ears and supportive votes around the table at the United Counties of Prescott- Russell council
(UCPR), during its June 22 session, for a letter he has sent to Premier Kathleen Wynne concerning municipal financing problems. One suggestion from themayor is for the creation of municipal bonds. “All municipalities of Ontario are facing financial problems in being able to make developments (happen),” stated mayor Lamadeleine. “The province wants to create jobs, but it also needs financing for infrastructure. So what is the answer?” The mayor offered two suggestions. First was a longstanding request from him and other Prescott-Russell mayors for removal of water and sewer capital works from the annual municipal debt load. The argument is that water and sewer services are covered through user fees that residents and businesses pay for, and those services are not part of the main municipal capital budget. Other infrastructure works like roads and bridges are paid for through the regular capital works budget using a portion of the municipal tax levy, senior government grants, municipal loans, or a combination of any of the three financingmethods. Capital
La Banque Scotia de Russell a récemment remis un chèque de 4000 $ au Club Optimiste d’Embrun, pour les appuyer dans leur collecte de fonds annuel, le Festin de homards, qui avait lieu le 11 juin. Quatre employés sont aussi venus leur prêter main forte lors de l’événement. On reconnaît Colin Sanders, Lynsey Eikelboom, le directeur de succursale LeeMcDonell, Suzanne Bolduc et troismembres du Club Optimiste, Francine Bergeron, Julie Brisson et ElisabethGodin Charron. — photo fournie
revise theMunicipal Act and allow creation of municipal bond issues. Lamadeleine noted that banks could then buy up those bond issues as part of their own corporate investment strategy, while also providing municipalities with another source of revenue for specific capital works improvement projects. This also lets the municipality avoid having to get a loan and so adding to its existingmunicipal debt load. Municipal bonds are a popular revenue- raising method for many U.S. cities and towns and also for a number of American school districts and other local government agencies like public utilities. Other countries also allow creation of municipal bond issues though theymay be known as local authority bonds or by other names. “Your speech in Toronto (ROMA convention) was on job creation in order to create revenues,” stated Lamadeleine. “Therefore, these suggestions are in order to do exactly this. Let us consider these possibilities and we will gain and prosper.”
Absolute Realty Inc. Brokerage
Collecte de sang le 18 juillet
Sales Representatives 613-276-3383 Chris & Sandy Heard
Le Club Optimiste d’Embrun, en collaboration avec les Chevaliers de Colomb, organise une collecte de sang le lundi 18 juillet, de 15h30 à 20h30, au Centre récréatif d’Embrun. Les donneurs peuvent appeler à l’avance pour prendre rendez-vous afin d’éliminer l’attente. Les gens peuvent réserver leur place en composant le 1 866 JE DONNE. Les donneurs sans rendez-vous sont également bienvenus. Les membres du Club Optimiste seront disponibles pour accompagner les donneurs et leur servir une collation fournie par la Coopérative agricole Embrun.
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AVIS IMPORTANT INTERRUPTION POSSIBLE DU TRAVAIL À POSTES CANADA La livraison du courrier pourrait être retardée ou interrompue au début du mois de juillet 2016 en raison d’une interruption du travail à Postes Canada.
IMPORTANT NOTICE POSSIBLE CANADA POST LABOUR DISRUPTION
As early as the beginning of July 2016, mail delivery may be delayed or interrupted by a labour disruption at Canada Post.
Malgré la grève des postes, les contribuables ont la responsabilité de payer leurs factures dans les délais habituels afin d’éviter les pénalités de retard et les intérêts.
Taxpayers are responsible for paying their invoices on time to avoid late-filing penalties and interests despite a postal disruption
S’il vous plaît contactez la municipalité de Russell au 613-443-3066 si vous avez besoin de plus de renseignements.
Please contact the Township of Russell at 613-443-3066 if you require more information.
Veuillez noter que la municipalité offre aussi des services de paiements préautorisés ainsi que de facturation électronique. S.V.P visitez notre site Web pour plus d’informations au russell.ca.
Please note that the Township offers preauthorized payment plans and also electronic billing. Please visit our Web page at russell.ca for more information.
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