Debt-Reduction

Debt-reduction is extremely important. The debt is unknown. I tried typing " city debt" into city website search bar and received a message "page not found". We need to know the city debt. The current interest we pay on city debt is roughly 4 million a year. That's $11,000 a day ! We would never run our household finances like this. Small problems have accumulated to big problems too much for the city to manage. We need to deal with problems when they are small like we do at home.

We are reaching crisis proportions and it is long-over-due to give debt-reduction a higher priority.

The current council, in there for sometime now, have continued to borrow on our coffer & now are not able to pay expecting home owners and the next generation to deal with it.

We get the impression that they don't take reducing our city-debt seriously.

We have Casino & Hydro revenues that we can use to pay down the debt. I believe we need to form a debt-reduction task force to address the debt with city staff and help us get it paid-off. Without such a debt burden we can work on the massive infrastructure problems.

I am also proposing a debt thermometer in the front lobby of city hall that shows us what the debt is from week-to-week ( with interest ) and not hidden away or presenting old information. This is part of being accountable & transparent especially with something as important as our city debt.