The subheading to the article “Furlong paid $20,000 to speak” (Feb.19/13) informs us “Economic symposium made profit, city says”. The body of the article goes on to say that the profit figure was $11,675.96, and we further read: “Revenue was largely gained from sponsorship.”
Yet if we eliminate the $10,000 donated by UFV, the $10,000 from the Abbotsford Airport and the $5,000 that came from the Global Spectrum family, we instead come up with a loss of $13,324.04.
Since the three entities listed all receive funding through tax dollars, I would suggest the $13,000 loss is closer to the truth than the supposed $11,000 profit.
I further suggest that our city direct tax dollars to where they are most needed – such as road repair and ditch remediation – rather than funding functions that benefit only a select few.