Stock markets are starting to rebound in North America, but the KMTS Prosperity Trust Fund continues to under perform.City staff says they will miss their target this year to generate 1.1 million
dollars in interest off the trust.
The city uses the interest to off set taxes.
Corporate Services Manager Lauren D'Argis says they are currently looking at other investment opportunities to try and maximize their return on the Trust Fund.
Under provincial regulations though, the city is limited in the types of investments it can make, meaning any investments have to be very low risk.
