FOR IMMEDIATE RELEASE The three outgoing elected Renewal Sherbrooke, Robert Pouliot, Bernard Diane Sevigny and Délisle promise to have the debt of the City to the eye. The mayoral candidate Bernard Sévigny keep the annual increase in municipal taxes below inflation if elected.
The leader of the Renewal Sherbrooke will also equip the city to plan a policy of debt management. No question, however, commit to reduce debt or to freeze its current level of $ 215 million. The three outgoing elected Renewal Sherbrooke, Bernard Sévigny, Robert Pouliot Délisle and Diane, believe that the council is ill-informed of developments in municipal debt during the year. As recently raised the Acting Auditor General of the City, the cost of certain projects, like the new pool of Brompton or the cultural center of Fleurimont, rose to 50 percent after the elected officials have approved. Substantial sums have been borrowed on the way to pursue these projects, thereby increasing the indebtedness of the town without elected officials have a complete picture of the situation, members complain Renewal Sherbrooke. "Right now, we go by intuition in debt management, says Bernard Sévigny. The evolution of the debt is alarming. It does not jeopardize the ability to pay people .[...] Generally, the council undertook to borrow the amount you repaid in the year. In recent years, however, has borrowed more than they could repay. " Renewal Sherbrooke Sherbrooke wants to develop a policy of debt management, as was recently Montreal and Quebec. Some parameters to be determined, will be established. To waive the City Council shall give its consent. The Board may engage such that the debt does not exceed the operating budget of the City, argues Bernard Sévigny. In 2008, debt stood at $ 215.3 million while the operating budget was $ 216.0 million. According to figures provided by the finance department of the City last year, the municipal debt is less than the operating budget since 2006.
The leader of the Renewal Sherbrooke will also equip the city to plan a policy of debt management. No question, however, commit to reduce debt or to freeze its current level of $ 215 million. The three outgoing elected Renewal Sherbrooke, Bernard Sévigny, Robert Pouliot Délisle and Diane, believe that the council is ill-informed of developments in municipal debt during the year. As recently raised the Acting Auditor General of the City, the cost of certain projects, like the new pool of Brompton or the cultural center of Fleurimont, rose to 50 percent after the elected officials have approved. Substantial sums have been borrowed on the way to pursue these projects, thereby increasing the indebtedness of the town without elected officials have a complete picture of the situation, members complain Renewal Sherbrooke. "Right now, we go by intuition in debt management, says Bernard Sévigny. The evolution of the debt is alarming. It does not jeopardize the ability to pay people .[...] Generally, the council undertook to borrow the amount you repaid in the year. In recent years, however, has borrowed more than they could repay. " Renewal Sherbrooke Sherbrooke wants to develop a policy of debt management, as was recently Montreal and Quebec. Some parameters to be determined, will be established. To waive the City Council shall give its consent. The Board may engage such that the debt does not exceed the operating budget of the City, argues Bernard Sévigny. In 2008, debt stood at $ 215.3 million while the operating budget was $ 216.0 million. According to figures provided by the finance department of the City last year, the municipal debt is less than the operating budget since 2006.
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