Retirement payouts to firefighters enough to make you sick


city_scope_logo-cmykYou have to look very, very carefully to find this gem in last Monday’s council agenda.
We’ll help you out. It’s on Page 65. A warning from the city’s director of finance, David Aristone.
“The various reserve balance are adequate in the short term,” advised Aristone in his 2016 year-end update to council. “However, for the longer term, the city is financially exposed in the following areas.
Aristone lists four areas with the final being “future retirement payouts for the fire department.”
No amount is listed, but we confirmed with human resources director Graham Dart the amount at the end of 2016 was approximately $1.3 million.
A tidy sum, that. And what is the $1.3 million earmarked for?

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Market study recommends more retail in downtown core; revitalization of Elgin Mall


city_scope_logo-cmykIn the period 2000 to 2015, St. Thomas experienced an almost three-fold increase in vacant commercial retail space. That’s one of the key findings in a 2015 retail market study to be presented to council Monday.
The study, undertaken by Dillon Consulting and W. Scott Morgan & Associates, sought to “analyse the ability of the city’s commercial policy framework to support the health of its retail market, while identifying the evolving retail market trends that may affect St. Thomas.”
The city has 2.46 million square feet of retail commercial space – an increase of 15 per cent since 2007 – but in that total, 313,000 square feet is vacant, up from 114,000 in the year 2000.

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