Council was told yesterday that the trust will fall short of making the 1.1 million dollars targeted by the city to offset taxes each year.
Lauren D'Argis is the city's Corporate Services Manager and says even though they will come up short this year, the fund has over-performed in the past, so they will be able to use that money to make up the shortfall.
In the meantime, Councillor Louis Roussin says he wants to find out if the city can loosen the
purse strings on the Prosperity Trust to find some more profitable investments.
Right now under provincial regulations the trust restricted to very safe, but very low return investments.
