Referendum support makes fiscal sense

Staff writer
January 31, 2014 01:00 AM

Editor:

Regarding Christine Woods' piece on the upcoming referendum, (Coast Reporter, Jan. 17) I'll be interested to see if the District of Sechelt opts for a full and open public information process or the more easily orchestrated round table format.

As a retired bank manager I agree with the plan to use long-term debt to ease the cash flow dilemma and intend to support it in the coming referendum.

It's a strategy that I advocated to many of my personal and commercial clients in years gone by; and that was without the advantage of a government grant to pay the interest.

I do have one concern though. Too often, I've seen chronic over-spenders take these sensible reorganizations as carte blanche to continue their improvident ways. I fear our present council shows every indication of falling into this unfortunate category. A positive outcome in the referendum will not alter the fact that, in future, Sechelt needs a more fiscally prudent hand on the taxpayer's purse.

Val Morris, Sechelt

© Coast Reporter

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