High River is in really good shape financially.

Council got an update at the Monday August 21 regular meeting and Mayor Craig Snodgrass says everyone has played a part in it.

"Council has a role in that, with the budget and everything, but the kudos really go to administration and each department for pulling it off and making it happen," he says. "Tom Maier, our CAO, former CFO, has done an incredible job of putting this town in the right direction financially and it's paying off already and Kola Oladimeji, that's the CFO now is doing exceptional work with his whole team."

The Town's debt load is only about 10-million dollars on five major projects including the field house, the CP corridor lands, Mundy Park housing, affordable housing phase two and the Highway 543 extension.

"We have a debt limit, through the Province's calculation of about $38 million, you know we're sitting at about $10 million, with everything we've been through we're in very, very good shape and the projects we've borrowed money for, not just this council but the council previous to it, we've borrowed for the right reasons for this community, there's no doubt."

The budget is expected to be balanced at the end of the 2017 fiscal year.

 

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