City surplus projection down slightly, clocks in at $687,000

A few last-minute adjustments brought the final number down slightly, but the City of St. Albert is still showing a surplus for the 2012 fiscal year.

Staff told a meeting of the Standing Committee on Finance Monday afternoon that the City is $687,000 to the good after the books were closed on 2012, which is down slightly from a preliminary projection of $698,466 that was given to the same committee last month.

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Job well done by city in 2012

Much was accomplished in Lethbridge during 2012. But now, Mayor Rajko Dodic is looking forward to more civic achievements in the new year.

Before the current city council concludes its term, the mayor will also lead discussions about capital projects that could shape the city’s future.

Completing Enmax Centre upgrades, hosting an international sports event there, and welcoming thousands more visitors to events throughout the year were some of the high points of 2012, he says. So was the construction start on a new community arts centre, confirmation of major grants for a sports complex, and re-opening the major Bridge Drive utility corridor.

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Home starts forecast to top 12,000 mark

New home starts in the Calgary Census Metropolitan Area should reach 12,400 units by year end, declining slightly to 11,900 units in 2013, says Canada Mortgage and Housing Corp. (CMHC).

The projection for this year is up from the 9,292 starts recorded in 2011 and would be the first time annual starts crest the 12,000-unit plateau since 2007.

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