{"id":16732,"date":"2014-05-23T11:00:59","date_gmt":"2014-05-23T15:00:59","guid":{"rendered":"http:\/\/accessniagara.com\/blog\/?p=16732"},"modified":"2014-05-22T12:25:20","modified_gmt":"2014-05-22T16:25:20","slug":"olg-funds-used-to-cover-falls-budget-shortfall","status":"publish","type":"post","link":"http:\/\/accessniagara.com\/blog\/2014\/05\/23\/olg-funds-used-to-cover-falls-budget-shortfall\/","title":{"rendered":"OLG funds used to cover Falls budget shortfall"},"content":{"rendered":"<p>From <a href=\"http:\/\/www.niagarathisweek.com\/news-story\/4517667-olg-funds-used-to-cover-falls-budget-shortfall\/\">Niagara This Week<\/a>:<\/p>\n<blockquote><p>Not wanting to stick ratepayers with a potential $62 increase on their tax bills, councillors decided Tuesday to take a $2.9-million shortfall in revenues by taking the money from the City&#8217;s OLG reserve fund.<\/p>\n<p>The shortfall came about after the Region reversed its tax policy to create a separate primarily for tax levies on the city&#8217;s two casinos, primarily the large Niagara Fallsview Casino Resort. The Region made the decision based on a provincial re-assessment of the value of the property. The re-assessment is currently under appeal.<\/p>\n<p>\u201cI don&#8217;t think it would be fair or realistic to say to taxpayers, we&#8217;re getting over $20 million from the OLG and now we&#8217;re going to raise your taxes.\u201d<\/p>\n<p>Mayor Jim Diodati called the situation a \u201cfrustrating\u201d one.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Niagara This Week: Not wanting to stick ratepayers with a potential $62 increase on their tax bills, councillors decided Tuesday to take a $2.9-million shortfall in revenues by taking the money from the City&#8217;s OLG reserve fund. The shortfall came about after the Region reversed its tax policy to create a separate primarily for&#8230;<\/p>\n","protected":false},"author":6111,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[21,2,601],"tags":[9776,603,172,431,451,523,3042,9777,1906],"class_list":["post-16732","post","type-post","status-publish","format-standard","hentry","category-niagara-falls-casinos-and-gaming","category-niagara-falls-news","category-niagara-falls-ontario-2","tag-budget-shortfall","tag-jim-diodati","tag-niagara-fallsview-casino-resort","tag-niagara-region","tag-niagara-this-week","tag-olg","tag-property","tag-tax-levies","tag-taxes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"http:\/\/accessniagara.com\/blog\/wp-json\/wp\/v2\/posts\/16732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/accessniagara.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/accessniagara.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/accessniagara.com\/blog\/wp-json\/wp\/v2\/users\/6111"}],"replies":[{"embeddable":true,"href":"http:\/\/accessniagara.com\/blog\/wp-json\/wp\/v2\/comments?post=16732"}],"version-history":[{"count":0,"href":"http:\/\/accessniagara.com\/blog\/wp-json\/wp\/v2\/posts\/16732\/revisions"}],"wp:attachment":[{"href":"http:\/\/accessniagara.com\/blog\/wp-json\/wp\/v2\/media?parent=16732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/accessniagara.com\/blog\/wp-json\/wp\/v2\/categories?post=16732"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/accessniagara.com\/blog\/wp-json\/wp\/v2\/tags?post=16732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}