Woodstock Council will be making an $800,000 withdrawal from the Woodstock Hydro Legacy Fund Investment Income.
WOODSTOCK - Woodstock City Council has approved an $800,000 withdrawal out of the Woodstock Hydro Legacy Fund.
In November of 2015 Council passed a bylaw to approve the investment policy for the Woodstock Hydro Legacy Fund. That policy states council may only spend the investment income earned on the fund. The $800,000 withdrawal will come from the investment income.
The money will be split up 50/50: $400,000 will be going to the 2017 capital program while the other $400,000 will go to the 2017 Revenue Fund Budget.
Acting Mayor Connie Lauder says this money will be put to good use.
"I think that's really great for a community, so that we can use that money to help defray some of the costs of capital and revenue budgets so that's all good news as far as I'm concerned."
The money is set to be officially withdrawn on December 15th 2016.

Woodstock Resident Charged with Speeding
UPDATE: Wind Warning Issued for Oxford
Interview with the Mayor - March 16th, 2026
Woodstock Driver Charged in Brant County
PJHL Playoff Recap - March 13th to March 15th
March Break Safety Tips from Oxford OPP
Oxford-Elgin Rainbow Research Project Underway
Death Investigation in Woodstock
OPP: Plan Ahead Before St. Paddy's Day Festivities
Another Friday the 13th in Port Dover Today
Hansen Parents Visit Artemis II Explorers Club at IDCI
East Oxford Parents Respond to AARC Announcement
Strong Winds Expected in Oxford
WPS Charge Two in Firearms Incident
Food Rescue Hub Receives $50,000
Interview with the Warden - March 12th, 2026
Best U Health Expo this Saturday
Last Call for BBBS Trivia Nite Registration
PJHL Playoff Recap - March 11th
Tillsonburg Man Charged with Drug Possession
Comments
Add a comment