Where are SOEC funds?
Dear Editor: Re: Potential funds available to assist in funding infrastructure deficit reserves
Penticton residents, please contact council and request that they retain the annual casino revenues to assist in funding the infrastructure deficit over the next 20 years.
Mayor and council, could you please inform this writer if the casino revenue is no longer required to fund the SOEC debt repayments?
The council of the day robbed all City reserves to fund the massive construction cost overruns to construct the South Okanagan Events Centre. Now it is time to payback and rebuild reserves and fund the infrastructure deficit with the casino funds each year.
Under no circumstances do I want to see council simply consider the funds to be considered additional disposable revenues to be simply frittered away. The casino funds would augment the required sources of funds to build the required infrastructure deficit reserves.
Can council please confirm that the casino funds have not been reallocated as 2017 budgeted income to finance general fund expenditures.
In fairness to Penticton taxpayers, could council form a committee of residents to have input into how the casino funds will be allocated in the 2017 budget and in future years?
Time is of the essence for the taxpayers to have meaningful input, please confirm that the casino funds will be transferred to a casino fund reserve for 2017 and future years. The committee, council and city staff need to have a year to make the determination on how to allocate casino funds in future years.
Council’s immediate consideration of the above will be appreciated. Ted Wiltse Penticton
However shutting down coal and natural gas electricity generation before we have other safe feasible alternatives is socially, economically and ecologically unwarranted. Except for hermit living, reasonably-priced electric power is an essential feature, on a par with food.
The earth's gravitation draws gasses, including CO2 to its enormous land and water masses. Canada includes a huge portion of two oceans, a portion of the Arctic and massive land and fresh water surfaces. All plants, animal and sea life need gases to exist. In short gravitation cleans the air of gases. Just as over the past millions of years, today gravitation must be adequately cleaning the air or a build up of the atmospheric pressure would make human life impossible.
The “go green” scary-guilt indoctrination, has resulted in the excess of long-range, highlysubsidized contracts to supply overpriced solar and wind power; Time has now proved the gung-ho going green ideology is unworkable and ill-fitting with Canada’s world trading position.
Caution: Ideologies can and have killed the well-being of nations. Power priced at the lowest price for all Canadians was an established humanitarian fairness feature of Canadianism, a civility value that needs to be re-established. Some are saying, going green will be a great economic driver, to date I am not aware of one specific green consumerism product. Large scale solar and wind are not economic drivers. I read Ontario is stopping further solar wind contract installations.
Socrates said reason in all things. Canadians would be wise to adhere to Socrates advice. Bruce Alton McGillis
Penticton