After no update from Manitoba Telecom Services about its business review of Allstream, one analyst is wondering if expectations of a blockbuster sale were unrealistic.Dvai Ghose, analyst with Canaccord Genuity, said in a note on Tuesday that previous valuations of $800 million to $1 billion for Allstream now seem unlikely.may be more likely, especially due to pension deficits, he said. Bids may lead MTS to pull the sale. Telecom originally announced it was undertaking a strategic review of Allstream last September.
I delivered it the next day and I made a hundred dollars. I said, this is doable. : What did your father say when you gave his friend a price that was a hundred dollars more than what he paid for it?. Public safety, investing more in public safety, investing more in infrastructure, investing more in housing, said Jeff Hebert, Chief Administrative Officer and Deputy Mayor.The operating budget includes $1.5 million to boost pay for low wage city workers.”Over 500 employees who were under that $24,000 or less threshold and we’ll be doing a 10 percent raise there which will bring the average for the lowest paid employees in the city to about $27,000, said Ryan Berni, another deputy mayor in the Landrieu administration.For a number of years now, any haggling between the administration and council members over what the final version of the budget should look like happens ahead of the day the council takes it votes on the budget.”It has been a true pleasure to work with the folks at this dais to get what I think is a humongous result for the people of this community, said Councilman at Large Jason Williams.”Other city hall staff that have not received a raise in nine years still deserve to be compensated adequately and we’re going to be working towards that, said City Councilwoman and Mayor Elect Latoya Cantrell.The public also includes money for public safety agencies including over $9 million for police officer pay increases.”Which is their fourth pay raise over the last few years, said Berni.The budget also includes $3 million to raise salaries at the Orleans Criminal Sheriff Office. Sheriff Marlin Gusman has complained often about a high turnover rate of sheriff deputies.And there is $3.1 million for the cleaning of city catch basins which aid the city drainage system.The new budget also includes $750,000 in support of early childhood education initiatives. Some members of the public rose to applaud the council for including that money.”This is a huge victory for our community’s most at risk and vulnerable children, said one resident.The council met the deadline for passing a balanced budget after approving a number of amendments.