SCO ANNUAL GENERAL MEETING
Clarification of License Fee Increase for 2021
At the 2020 Annual General Meeting, held on Sunday, November 8, the Membership was advised of a license fee increase for 2021. Unfortunately, the information that was presented to the Membership was incorrect; so to clarify:
There has not been a license fee increase for the last three years, since 2017. The fee increase for 2021 will be six (6) percent based on current and future estimated operating expenses.
Your Council will continue to monitor revenue and expenses annually to determine if any further fee increase will be required.
We apologize for any confusion regarding the 2021 license fee increases presented at the AGM and hope that the above clarifies the license fee structure for 2021.