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Old Sep 24, 2004 | 12:13 am
  #6  
jpatokal
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Join Date: Sep 2003
Location: Terra Australis Cognita
Posts: 5,353
Originally Posted by tzwlh
The non-profit, public-funded arts centre had a balance of S$8.1 million after its S$31.5-million operating deficit was offset by government grants totalling S$39.6million.
So it still lost S$39.6 million of taxpayer money (including mine). This is supposed to be good news?
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