Answers to your questions about the need for a mil-rate increase
Richard Pickard, Treasurer of the UVic FA, provided these answers to questions asked at Monday’s general meeting: Question #1: When the FA’s Treasurer talks about past deficits, how large are these annual deficits, and how consistent have these annual deficits been? Answer: The FA has run a deficit in four of the six budget years since 2009. We had a small surplus for 2008/2009 (just under $30,000, or 6.5% of revenues), and a large surplus for 2011/2012 (over $108,000, or…