Vote yes on March 8

Staff writer
February 28, 2014 01:00 AM

Editor:

The upcoming referendum to go with the alternate plan involving borrowing $7.4 million seemed to me to be a no-brainer. The more I read, the more it made sense.

I had one burning question, so I went to the municipal office and got it answered.

How were we taxpayers going to pay back the principal of $7.4 million?

I got my answer: the principal will, as I understand it, be paid out of cash flow from sewer fees that accumulate each year. This means we will not be paying this loan off with property tax (increases). This news makes this new proposal an even greater slam dunk.

Fellow citizens, if you have any questions, go get the answers so you can feel comfortable voting yes on the referendum. Please remember it is hard to get stand alone referenda passed, and the naysayers will get their way if we are too apathetic to get out the yes vote.

R.S. (Bob) Paulin

Sechelt

© Coast Reporter

Comments

NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Coast Reporter welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus
Coast Reporter

Email to a Friend

Close

QUESTION OF THE WEEK POLL

Are you in favour of the proposed size of the property for medical marijuana cultivation?

or  view results

Popular Coast Reporter

Community Event Calendar


Find out what's happening in your community and submit your own local events.