Good to see some members of council have begun to talk about our massive debt.
It seems that for the last decade, they have been asleep at the switch, failing to keep up revenues and using the credit card instead.
The City Finance Department has said, "there's no problem, we can finance the debt." This is like an 18-year-old going into a car dealership and buying a new Mercedes for $100,000 because he can "service the debt".
But is it prudent? No it isn't nor is it prudent for our city to have a $73 million debt.
The Mayor made an astonish statement to the media, and I quote, "the flavour of the day was to have zero tax increases all the time and we thought even increasing our taxes by one per cent was not going to be accepted by our ratepayers."
This is the kind of financial thinking that has brought about the debt situation we have now.
Yorkton, a city of similar size, according to their 2014 budget, will have a year-end debt of $18.7 million.
It appears we have had poor planning for the last decade, or financial mismanagement, or both. You be the judge.
Harry Bassendowske - Swift Current