"borrowing reduction"
2 agenda items mention this keyword
Reduction of expenditure and borrowing for bylaw number 951-2024 without modification to the purpose of the bylaw
The City is reducing the authorized expenditure and borrowing for bylaw 951-2024 by $4.8 million, as these funds are no longer required for the planned infrastructure work. The total authorized amount is adjusted from $54,207,000 to $49,407,000. This is a technical adjustment that does not change the original purpose of the bylaw.
budgetgovernance
Reduction of expenditure and borrowing for bylaw number 970-2025 without modification of the purpose of the bylaw
The City is reducing the authorized expenditure and borrowing for bylaw 970-2025 by $5.82 million, as these funds are no longer required for the planned infrastructure work. The total authorized amount is adjusted from $35,275,000 to $29,455,000. This is a technical adjustment that does not change the original purpose of the bylaw.
budgetgovernance