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Old 28-02-2014, 10:43 AM   #33
aromatix
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Join Date: May 2004
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Quote:
Originally Posted by nutx View Post
...why TC need to keep the reserve for investment?
They should be a Zero base organisation or the most few mths up to 1 yr running cost reserve!!!
TCs use built-up reserves for "investments". Anyone know what exactly those investments are? made thru which "investment companies" - those that make or lose $ still charge high management fees? lining some pockets?

what's the point of overtaxing the people up front n then give back rebates?
want to look charitable? nbzzzzz, it's the people's money.

what is the mandate of town councils? service provider or investment vehicles?
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