Capital Finance and Debt Management Municipal Bonds and construction of sporting complex.
“This is a new policy,” said Chris Albert, director of corporate services, who was joined during council’s Oct. 1 meeting by consultant Tracey Seitz Polowich, principal of Contigo Business Service Inc., the company previously commissioned to facilitate the municipality’s effort to develop a new strategic plan and vision. Outlining several of the policy’s highlights, he said the Municipal Government Act regulates the town’s debt limits at 150 per cent of operating revenue as well as debt servicing limits of 25 per cent of operating revenue.
