Home / News / The Fact Files: "Is it true that the Town of White City has a lot of debt and is only pursuing this proposal to get more tax dollars to pay for it?"

The Fact Files: "Is it true that the Town of White City has a lot of debt and is only pursuing this proposal to get more tax dollars to pay for it?"




The Fact Files: "Is it true that the Town of White City has a lot of debt and is only pursuing this proposal to get more tax dollars to pay for it?"

FACT: 
The Town of White City is in a strong and stable financial position. The Town has comparable long-term debt to the RM of Edenwold and has millions in reserves and assets. The Town's debt is funded by development levies and utility fees, NOT taxes.

A recently completed Financial Impact Assessment states that the debt limit of the new community will not be breached for the 25-year period studied.

You can view the full document by clicking here.

 


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