Posts tagged debt
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.

Read More
Guest Userbudget, debtComment
Budget 2019: Revenue and Cashflow

Often the central conversations about municipal budgets revolve around residential property rates. I’d suggest that we should have a much larger conversation about the budget.

In 2018, residential properties only accounted for a little over 50% of the total tax levies in Grande Prairie. They funded about 25% of the total capital and operating budgets. While it is very important for Council to be aware of residential tax rates, there are many other sources of revenue and factors which effect cash flow. All of these need to be considered when creating the budget.

Read More