B&B owners convince city to consider impact of proposed accommodation tax

This was posted more than 12 months ago. The information may be outdated.

 

By Jon Willing, Ottawa Citizen, December 5, 2017

(...)Council starts spending phantom hydro dividend surplus

No one knows if the city will collect a larger hydro dividend next year, but council is already looting the phantom surplus.

Hydro Ottawa guarantees sending the city at least a $20-million dividend each year. Any extra money is a bonus for the city.

The city is the hydro utility’s sole shareholder.

The environment committee previously voted in favour of using any hydro dividend surplus for renewable energy projects.

http://ottawacitizen.com/news/local-news/bb-owners-convince-city-to-consider-impact-of-proposed-accommodation-tax