Debt Refinancing
Debt Refinancing

Overall, I am very happy with the proposed budget (click here for the highlights). However, I am very concerned about one element: the re-financing of debt. In principal, debt re-refinancing could be a wise financial strategy, but I have big hesitations about its current implementation.

Following is some background and my thoughts on what should be changed.

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Guest Userbudget, debtComment
Budget Reset 2019: Things to Know
Budget Reset 2019: Things to Know

Over the past year, Council has talked about the need to have a “Budget Reset” in 2019.

There is a desire in our community to see money spent more efficiently. The community also has priority areas which need greater resources. The proposed budget accomplishes both these goals.

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Guest UserbudgetComment
Budget 2019: Downtown Rehabilitation
Budget 2019: Downtown Rehabilitation

Budget deliberations are this week. Council will be debating whether or not to proceed with the next phase of the Downtown Rehabilitation….

Phase 4 centers on 100 Ave and 100 St. Council will be presented an option to do just 2 blocks of 100 Ave (from 100 St to Resources Road which is from CIBC to Co-op) or to do that plus two blocks of 100 St (from 99 Ave to 101 Ave which is from Wendy’s to Titos).

Aquatera would likely fund a portion of this cost, but at this time most of it would likely need to be financed through borrowing.

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Guest UserdowntownComment