Editor:
Re.: Town of Canmore Interest Payments
It took two weeks and a little to get an answer from the Town.
The answer is, $1.16 million (to be precise $ 1,163,192 - no cents, likely rounded to the next dollar), “... the total amount paid in interest on the municipal debt in 2013 ...”, the Town’s Chief Administrative Officer, Ms. De Soto.
A quick and favourable analyses:
Assuming 17,000 residents, this amounts to $68 and a half per capita.
Assuming two heads per household this is almost $137 per household on your property tax, or your rent, and nothing to show for, absolutely nothing.
You may slice it differently in any way you want. It remains a fiscal irresponsibility.
“If you don’t keep Government’s feet to the fire you will get bad Government” – Jesse Ventura, past Governor of Minnesota.
The time has come to add a few logs to the fire.
Dieter Remppel,
Canmore
