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City of Moose Jaw reserves

A letter to the editor, penned by Tom Findlay
letter to the editor graphic stock

It's my understanding that The City of Moose Jaw had to seek bankruptcy protection during the depression of the 1930s. The resolve to "never again let this happen" was born. Subsequent city councils have worked assiduously to establish and maintain a financial cushion. They tried to plan ahead and save for projects and needed programs.

The current value of these reserves generates $4 million per year for our city budget. Without them residential taxes would go up approximately 14 per cent. The cost of borrowing would increase. Once you spend them on some project they are gone. The current council should be applauded for maintaining a savings account and working to increase the returns generated.

- Tom Findlay

The views and opinions expressed in this article are those of the author, and do not necessarily reflect the position of this publication.

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