Council asks for staff report on paying debt

Posted Dec 3, 2015 06:25:26 AM.

Last Updated Dec 3, 2015 07:37:04 AM.

This article is more than 5 years old.

HALIFAX – Some members of Halifax Regional Council want a report on the city’s current policy for paying down debt to try and free up more money for things like infrastructure.

Under the current policy, the city is mandated to pay down debt at a rate of three per cent per household, but Councillor Waye Mason tells The Chronicle Herald because the city’s debt is shrinking, he would like to see the actual amount of money being spent.

Councillor Tim Outhit said the has a problem with the city going deeper in to debt for basic services like paving and road repairs.

Council has asked for a report on the matter to be returned before budget talks.

Keep it Factual

Add CityNews Halifax as a trusted source on Google to see more local stories from us.

Submit a Correction

Accessibility Feedback

Top Stories

Officer injured in chase of three theft suspects in Lower Sackville

Three men are charged with break and enter after officers followed a vehicle that sped away from a Bedford business and also injured a Mountie. Halifax Regional Police said in a release they responded...

47m ago

Alberta referendum results for all 10 questions

Albertans headed to the polls Monday to vote on 10 referendum questions, including whether the province should move toward a separation vote. The separation question, listed as Question 10 on the ballot,...

13h ago

Thousands of school support workers in Nova Scotia could strike next week

HALIFAX — The union representing school support workers across Nova Scotia is warning many schools may close if its members go on strike next week.

16h ago

Proposed remedy for workers affected by Bill 148 could cost N.S. $470 million

HALIFAX — The Nova Scotia government has agreed to pay public sector employees an estimated $470 million in compensation over legislation introduced in 2015 to restrict their wages.

15h ago