It looks like Haliburton County will be borrowing some money this year to get much needed projects done. At yesterday’s meeting, councilors agreed big projects like roads and bridges have been put off for too long and need to be completed. They also discussed how the county has been passed up for provincial funding because their financial situation was too good. With that in mind, they’ve also been told that their reserves are too low and need to be built back up.
Treasurer Laura Janke told council now would be the year to consider debt because the interest rates are low and they could pay it back in five years. Council agreed on borrowing two million dollars for 2015. After the new numbers come back to council, a final vote on the budget is expected to happen in March.