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Mayor questions Westario dividend |
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According to the preliminary 2011 draft budget for Saugeen Shores, dividends from Westario are going to be down. As a stakeholder in Westario, Saugeen Shores receives a dividend each year from the corporation. In 2010, the dividend income was $135,000 but it is expected that amount will be down by some $25,000 in 2011. "I am not happy with this," said Mayor Mike Smith. "I would like to see a representative from Westario's board come before Council to explain the drop." The final budget will come before Council on March 14th.
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