How is the $8 million set aside after the nuclear siting process being used, and what rules limit drawing on it?
$8,000,000exit funding set aside in reserves in 2024, per the 2025 budget slides
The 2025 budget slides show $8,000,000 of funding from the Nuclear Waste Management Organization's siting process going into reserves in 2024. Council chose to invest it and use the interest. The 2026 slides call the fund the South Bruce Legacy Fund, say the original $8M principal "remains intact", and plan to use $240,000 of its income, and to draw $46,400 from the fund "to ease overall expense increases". We could not tell from the slides what the written rules for the fund say.
Found by reading the town's own documents · 5 sources