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■ NEWS:
GADSAR members have been busy this summer ...................................4
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VOLUME 122 ISSUE 38 $1.35
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Throwing down at Stompdown
■ ARTS & CULTURE:
Local pub has great fall lineup of bands ..............................11
■ COMMUNITY:
Blaeberrry playground has a grand opening .............................13
■ SPORTS:
Robbie Fowler lays down a sweet move at the 7th annual Golden Stompdown at the Golden Free Ride Park on Saturday. For more on Stompdown, see page 17. Joel Tansey/Star Photo
Council puts a cap on tax exemptions Rockets host Wranglers at home opener ..............................23
Jessica Schwitek editor@thegoldenstar.net After many hours spent in a closed Financial Standing Committee meeting, council has approved 14 resolutions that help clarify the way they manage their assets and finances. First on the list was to put a cap on the Town’s Permissive Tax Exemption Policy. The policy allows for local not-for-profits, such as the Gold-
en Food Bank or the Legion, to get an exemption on their property taxes. Previously there was no cap on the amount of exemptions the Town would permit. Now the cap has been set at 1.25 per cent of the total 2013 taxation revenue. They also resolved that “in the context of its corporate asset management policy and associated objectives, asset renewal shall generally supersede asset creation.” In other words, council has put in writing that
maintaining the Town’s current assets will generally take priority over generating any new assets. “It’s an acknowledgement that we’re leaning away from embracing taking on new assets,” said Mayor Christina Benty. All resolutions were passed unanimously, except for two that dealt with borrowing. Continued on page 4