City needs a strat­egy to deal with debt

Southwest Booster - - OPINION -

To the ed­i­tor: Last week in a let­ter to the ed­i­tor I in­di­cated that our city spent $8 mil­lion more per year than the City of York­ton. Since then, I have dis­cov­ered cer­tain costs were not in­cluded in the fi­nan­cial state­ment posted on York­ton’s web­site. So, to be fair, I feel it nec­es­sary to re­state the num­bers.

Af­ter the ad­just­ments are made, our City spends $6 mil­lion dol­lars per year more than York­ton, or about $400 per per­son. This is still quite a sig­nif­i­cant num­ber that can­not be ig­nored.

Our city is in a pre­car­i­ous fi­nan­cial po­si­tion and must take ac­tion to get our long term debt un­der con­trol. We have been spend­ing be­yond our means for some years and have fi­nally hit the wall. We must deal with our predica­ment now. It is time to end the de­nial. If we wait two or three years it may be too late.

I be­lieve it is im­por­tant for the city to de­velop a strat­egy to deal with that debt go­ing for­ward. That strat­egy must in­clude a re­duc­tion in spend­ing on both our op­er­a­tion and cap­i­tal bud­gets and as much as I hate to say it, will likely re­quire a ded­i­cated tax that will go to debt re­duc­tion. We have got­ten into this sit­u­a­tion over a num­ber of years and it is go­ing to take a num­ber of years to right the ship.

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