Aldermen approved third and final readings to borrow roughly $9 million to finance two separate projects in 2014, Feb. 18.
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Tag Archives: borrowing
Borrowing may be necessary for future projects
The town’s debt rose from $8.5 million last year to $11.4 million this year primarily because $3.3 million was borrowed for construction of a new fire hall, Susan Samson said while answering a question about borrowing and taxes.
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Tories to borrow $4.3 billion for capital projects, roll out savings plan
Finance Minister Doug Horner says he’s hit the reset button on Alberta’s finances in a 2013-14 provincial budget that shakes up past practices of the Progressive Conservative government.
Thursday’s budget release sees the province borrowing $4.3 billion to pay for capital projects this year, a seeming sea change for a Tory government that once boasted “paid in full” when the provincial debt was eliminated under former premier Ralph Klein in 2004.
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Zombie foreclosures: Borrowers hit with debts that won’t die
Borrowers are discovering that their foreclosed homes are coming back to haunt them — long after they have moved out.
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Borrowing to Build Your Own Home
AS the housing market begins to improve, new homes are popping up again in prime areas. If lenders are staying away from speculative building projects, some are willing to finance new construction for buyers who put substantial money down.
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Lenders opposed crackdown on home equity borrowing
Canada’s financial sector fought a losing battle to stop the national banking regulator from restricting the amount that homeowners can borrow on a home equity line of credit, documents obtained by The Globe and Mail show.
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