Earlier, we exclusively reported British Columbia's legal services society was expecting its revenue from Notary Foundation grants would be "negligible" thanks to "ultra-low interest rates." In fact, according to the society's updated service plan, that revenue for fiscal 2009/10 has collapsed to $0.2 million - $600,000 less than was forecasted in February. As a result of that, and other changes, its total anticipated revenue has dropped by almost $1 million - from $75.1 to $74.2 million. Although the government has authorized the society to increase its deficit to $4.2 from $2.9 million.
September 2, 2009