Yet another financial challenge for the City of Kenora.Figures released for 2012 show the return on investment on the
KMTS Citizen's Prosperity Fund was way down.
Councillor Ron Lunny says instead of averaging a five percent return, like
they've done in the past, last year, the figure was 1.7 percent.
He says that means there will be less money to help offset taxes this year.
Lunny says over the past couple of years the city had set a target of 1.1 million
dollars from the KMTS Prosperity Fund to be used to offset taxes.
