N.B. seeks higher debt limit in case of emergencies
Staff at the City of North Battleford want to have a little more financial elbow room in case it encounters any high priority emergencies in the future.
Council authorized city administration to apply to the Saskatchewan Municipal Board to increase the city’s debt limit to $55 million. That’s $10 million more than the current $45 million limit.
“Decisions on taking on debt will come at subsequent meetings based on upcoming discussions around asset management,” Mayor Ryan Bater said following council’s meeting. “This is simply getting ahead of the process in order to facilitate that if necessary.”