2026 Financial Plan Overview
2026 Financial Plan Documents
Archived Financial Plans by Year
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files
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2010 & Earlier1
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20111
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20122
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20131
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20141
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20151
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20161
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20171
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20182
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20192
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20202
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20215
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20224
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20233
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20248
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202511
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20267
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Borrowing
How does borrowing work?
It is very similar to getting a loan to build a home.
- We get approval to borrow a certain amount. The amount approved for borrowing is not necessarily the amount we will borrow; it is a maximum amount.
- Before we actually borrow, we complete the project and pay for it either with money on hand, a short term loan or a line of credit. We will also be seeking grants and other cost saving opportunities to help reduce the amount borrowed.
- Once the project is completed, council will look for the best rate and borrow the funds that were spent
- Loan payments would have an expected start date and then at that point, the loan payments will be collected from residents through their annual property tax bill.