Long-term financial solution remains elusive


West Avenue Cemetery

West Avenue Cemetery

It’s shaping up as a hand-to-mouth existence for St. Thomas Cemetery Company.

City council Monday voted to extend the cemetery board of directors a financial life line of sorts by way of a $20,000 operating grant. Combined with the first instalment in April of $30,000, it leaves them $9,000 short of the amount requested during this year’s budget deliberations.

St. Thomas Cemetery Company operates historic West Ave. cemetery and South Park Cemetery south of the city in Central Elgin. It had served notice it would seek to abandon the two burying grounds effective April 30 of this year if the long-standing city grant wasn’t reinstated. Continue reading

Advertisements

It could take three years to get Ascent ‘back on stream’ – acting CEO John Laverty


While the utility is turning the corner after racking up a substantial operating loss in 2014, the acting CEO at Ascent advises it could take up to three years “to get back on stream.”

With the departure Sept. 30 of former CEO Ron Osborne, board chairman John Laverty takes over the helm at the former St. Thomas Energy Holdings Inc., on a temporary basis. It will be Laverty’s responsibility to guide the process that will result in the hiring of an individual tasked with hauling the utility out of the financial quagmire in which it finds itself to the tune of $14 million in losses and money owing the city last year.
Continue reading