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Prosperity Trust Fund making money again

By Tim Davidson Apr 10, 2024 | 8:35 AM

The KMTS Citizen’s Prosperity Trust Fund is starting to make money for the City of Kenora again.

Last year, the Trust Fund rose by $3.6 million/

That follows a couple of years of losses due to the pandemic and poor markets.

Right now, the Prosperity Trust Fund stands at $45.6 million, up from just over $42 million in 2022.

The city uses interest from the fund to help offset any tax increase.

(File photo)