Local News

A new agreement will help the city and school division balance expenses

The Flin Flon School Division and City of Flin Flon have announced they have agreed to make adjustments over a two year period to the longstanding arrangements for dividing the 5.2 million dollar grant received from Hudbay.  City Administrator Mark Kolt explains once the portion of expenses supplied by other levels of government is deducted, approximately one third of the combined expenses of the School Division and City is paid for through a grant from Hudbay, which is supplied in lieu of taxation.  He says once the changes are fully phased in a uniform percentage equivalent to the percent contributed by Hudbay to the combined pool of adjusted expenses will be applied to the City and School Division net requests.

             

Kolt adds this percentage is also expected to be roughly one third, however small variations may occur from year to year because of other factors affecting the agreement such as changes in the municipal assessment.  He notes the agreement will not affect overall expenses or the final bill paid by taxpayers.

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