The law of diminishing returns is about to impact ratepayers


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My how time flies by when you’re dialing for dollars.
It’s been more than two years since council had a professional appraisal from fundraising chairman Hilary Vaughan on the status of the Timken Centre capital campaign, however that will be rectified Monday (and not Dec. 21 as mentioned in this corner last week) when treasurer Bill Day reveals the grim reality of contributions to date.
As an update for readers, the last accounting to council was back in August of 2007 when former parks and recreation director Kent McVittie advised little progress at that point with $2.6 million in cash or pledges on the books, but with just $1.37 million actually collected.
On the expense side, more than $135,000 had been spent, a figure projected to grow to $214,000.
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