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â€" One key way the improve the sitâ€" i1ation, says Hogg, is to open the ines of communication. }y HOWARD MOZEL "New avenues of communicaâ€" ions have to explored. I intend on oing this for the taxpayers," >xplained the married father of two. ‘We have to communicate with and rear from the ratepayers. What rganization do you know about where the key stakeholders only Given the number of municipal ssues which impact taxpayers very day, John Hogg is disturbed y the nonchalance with which polâ€" tics at the local level is often perâ€" eived. It comes as no surprise, hen, that he‘s thrown his hat into he ring for Ward 2 Regional Council. Candidates list continues to grow As of press time, the following individuals had filed to run in this November‘s municipal election. Local â€" Ralph Robinson (incum_bem) Regional â€" Kevin Flynn (incumbent), Cameron McDougall. Halton Board of Education â€" Lynne Clark (incumbent). Halton Roman Catholic School Board â€" Kevin O‘Connor (incumbent). Ward 2 Local â€" Linda Hardacre, Ron Planche. Regional â€" Kathy Graham (incumbent Ward 2 local councillor), John Hogg. [Vard 2 regional hopeful John Hogg says he wants to do more with less Halton Board of Education â€" Arleen Reinsborough. Local â€" David Amato,Tedd Smith (incumbent). Regional â€" Keith Bird (incumbent). Catholic School Board â€" Alice Anne LeMay (incumbent). Ward 4 Local â€" Mark Brown (incumbent), Jim ptember 21, 1994 Catholic School Board â€" Ed Viana (incumbent). Regional â€" Stephen Sparling (incumâ€" bent). Catholic School Board â€" Bryan Mcintyre (incumbent). Ward 5 Local â€" Sean Weir (incumbent). Regional â€" Liz Behrens (incumbent), Jim Richards. Halton Board of Education â€" Debbie Marklew (incumbent),Janice Caster. Catholic School Board â€" Gerald ‘O‘Halloran (incumbent.) Ward 6 Local â€" Kurt Franklin, Thomas Pope. Regional â€" Jim Smith (incumbent Ward 6,local councillor), Bill Logan (incumâ€" bent), Anne Fairfield, Murray Walker. akville Beaver Staff Catholic School Board â€" Don Schrenk (incumbent). Halton School Board â€" Linda Lane (incumbent). Hydro Commission â€" Elected at Large John Rankin (incumbent), Bruce Craig Friday, Oct. 14th marks Nomination Day with nominations accepted from 9 a.m. to 5 p.m. This is also the last day for qualiâ€" fication of all electors and candiâ€" dates; the last day for candidates to submit their registration forms and the last day for filing applicaâ€" tions for revisions to the Enumeration List/Preliminary List of Electors. Mayor:Ann Mulvale. have a voice every three years? None." Hogg‘s motto for his campaign is "Doing more with less." This, he maintains, applies to both the local and regional tiers of government which must realize that residents are over taxed. A zeroâ€"based budget is no longer an enviable achieveâ€" ment if the electorate does not get the value for their money they expect. They want to see less spending and more services, says Hogg. "Much of the problem with govâ€" ernment spending stems from the fact that politicians have a hard time The Power of Compounding e have all heard about it, we have seen it, we have probably read about it. But the concept of compounding is worth repeating. Making money entails much more than correctly guessing the direction of the stock or bond markets. For the majority, making money requires instituting an effective plan. Compounding is the safe road; it is the sure road; and it can be accomplished by anyone with discipline, perseverance, understanding and time. Discipline is required to put aside savings on a regular basis. Perseverance is required to maintain a program of saving. Time will then allow the power of compounding to work for you. There‘s one catch â€" the compounding process tends not to be very exciting for the first few years. But, over time the benefits of early participation become remarkably apparent. In order to illustrate, let‘s assume Investor A opens an RSP at age 25. For eight successive years, he contributes $5,000 to his RSP at the beginning of each year, and obtains a 9.00% rate of interest compounded annually. After eight years no more contributions are made. By age 65 the investment will have grown to $1,032,729! The net contributions were only $40,000 spread over eight years, but saying no when people come "cap in hand‘ looking for help," he conâ€" tinued. "One must be sympathetic and provide for those in true need. However, the need and benefit to the community must be demonstratâ€" ed." More creative ways of raising revenues must be explored, says Hogg, who believes the role of the Region must be reâ€"examined. "The Region needs to be looked at in a different light. The light in which it was created," he said. "We should consider this an institution as a buying group for its four municipalities. We must clearly identify all areas of responsibilities. This requires greater communicaâ€" tion among the Region and the four municipalities all geared at the elimination of duplication and a more accountable use of taxpayers‘ money." Hogg, who has never run for elected office before, has been active in the Boy Scouts, local baseâ€" ball and the Waterfront Festival Steering Committee. the investment grew to over 25 times its original total. In the second case Investor B makes no RSP contribution until age 33. Investor B then contributes $5,000 at the beginning of each year until he is 65 and also receives a 9.00% rate of interest compounded annually. By age 65 the investment will have grown to $979,912 (almost $53,000 less than Investor A) while contributions required to achieve this growth rate were much higher at $165,000 spread over 33 years! 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