Debt article ‘inaccurate’

News

Posted 1 month ago

Re: Town in Top 5 for debt, July 23

Measures must be taken to ensure the accuracy of the information that is published in the Leader.

The July 23 article inaccurately represents the actual information for Dec. 31, 2009.

The provincial spreadsheet referred to in the article utilized the 2009 assessment valuation, however the amount indicated for debenture was approved but not utilized.

At the end of 2009, the total debt for the Town of Lac du Bonnet was just over $1 million. The spreadsheet indicates a total debt of $2.4 million.

When the amount is corrected, the ranking changes the town from fifth place to 38th place.

Mayor and Councillors

Town of Lac du Bonnet