Preparing Sylvan Lake’s next budget is going to be “real interesting” as the town wrestles with the need to provide infrastructure and facilities for a growing community.
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Tag Archives: debt
THE MAKING OF A MODERN DEBT SLAVE
In the ancient world, when people got themselves into debt, they were often forced to sell their daughters into prostitution and their sons into slavery.
More about that in a minute…
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Edmonton debt concerns becoming election issue, but are they valid?
EDMONTON – Once-mighty Detroit’s declaration of bankruptcy has left some people worried Edmonton’s growing debt means bailiffs might someday appear at the city’s front door.
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More Canadians in debt and making lower monthly payments
A new poll suggests that more Canadians are in debt this year and taking longer to settle their accounts.
Read more: http://tinyurl.com/lcevdba
Sylvan Lake council warned debt will rise significantly
Being one of Alberta’s fastest growing communities comes at a price.
Sylvan town council reviewed its 10-year $128-million capital plan on Monday and councillors were told to expect town debt to rise significantly to pay for future projects.
Read more: http://tinyurl.com/p24cm4b
Poll finds half of Canadians with debt have made progress in past year
TORONTO – A new Harris/Decima poll conducted for CIBC says half of the respondents had been able to reduce their debt level over the past 12 months.
It found 71 per cent of the people surveyed nationally were carrying some form of debt — in line with a similar study last year.
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Alberta planning to borrow $15B for infrastructure
Debt used to be a despised four-letter word in Alberta, but no more.
Progressive Conservative party members applauded Premier Alison Redford on Saturday when she talked about plunging the province back into debt after former premier Ralph Klein faced daily protests over cuts he made to end deficits and eventually eliminate a $23-billion debt in 2005.
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Alberta homeowners best in country at debt reduction
CALGARY — Alberta homeowners report the most success in the country in year-over-year debt reduction.
A Manulife Bank of Canada survey has found that 60 per cent of homeowners in the province said they have less debt than they did 12 months ago.
Read more: http://tinyurl.com/nbsluno
City retires $5 million debt
Dry conditions in and around St. Albert means the city is unlikely to hold a mortgage burning party, but staff are pretty happy they have officially retired one of its few remaining debentures.
Ed Kaeming of the city’s finance department confirmed the city on Wednesday officially paid off the $5.568 million debt it took on to build the Public Works Jack Kraft Facility. Completed in 1999, the 48,000 sq. ft. building houses the city’s public works crews and equipment, as well as its office of the environment.
Read more: http://tinyurl.com/ov5k583
County’s debt shrinks by $8.4M, according to audit
An audit on Rocky View County’s financial statements for 2012 shows an $8.4-million drop in debt from the previous year.
The audit was completed and presented by Pricewaterhouse Coopers group on April 30.
Read more: http://tinyurl.com/cdjfyob