Salter economics

Councillor Leanne Salter opposes increases in water and sewer rates.

Re: John Harding’s editorial ‘Matters of faith’ (The NEWS, March 5).

Allow me to bridge the gap between editorial commentary and fair representation.

Councillor Leanne Salter opposes increases in water and sewer rates. In addressing these and other budgetary items, Salter was expressing her concerns about incurring major expenses for Parksville residents during a time of possible economic downturn.

The economic downturn is apparent with the Bank of Canada, federal, provincial, most regional and municipal governments navigating their policies and budgets with respect to this reality. In addressing the economic climate, Salter is asking council to be financially prudent when allocating funding for expenditures that may be unnecessary at this time.

Many financial advisors and economic cycle theorists adhere to Cycles Analysis which refers to technical analyses of monetary system patterns, cycles and waves. The “Shemitah Year” is a well known seven-year cycle and speaks to the release of credit and debt. Salter suggested people look into this for themselves. A quick overview of previous seven year cycles and global markets (2008, 2001, 1994, 1987, 1980 etc.) can be quite revealing.

I don’t know what relevance, if any, there is in mentioning Salter resides in Errington. She is a duly elected representative and I applaud her resolve to advocate on behalf of the residents of Parksville.

Jean AllanParksville

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