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Paul D. Cowley
Verified
Reporter, Red Deer Advocate
Red Deer
Beats
Nothing really
Content
By Paul D. Cowley Verified| Red Deer Advocate Verified Red Deer County council was divided on Tuesday over a proposal to extend a $55 million line of credit. Assistant county manager Dave Dittrick said the credit line is used to cover temporary cash flow shortages, mainly due to the lag in receiving tax revenues that are not due until June 30. By then, the county has been running and spending money for six months to cover operating expenses and pay for capital projects, such as road paving.
By Paul D. Cowley Verified| Red Deer Advocate Verified A Red Deer Regional Airport request to Red Deer County for another $122,500 did not fly with council. The funding increase was among a list of amendments to the 2025 budget approved by county council last November. It would have boosted the county's airport contribution by 7.5 per cent to $1.75 million from $1.62 million. That increase was part of about $491,000 in proposed operating budget increases and $423,000 in capital budget increases.
By Paul D. Cowley Verified| Red Deer Advocate Verified Red Deer County council was divided on Tuesday over a proposal to extend a $55 million line of credit. Assistant county manager Dave Dittrick said the credit line is used to cover temporary cash flow shortages, mainly due to the lag in receiving tax revenues that are not due until June 30. By then, the county has been running and spending money for six months to cover operating expenses and pay for capital projects, such as road paving.
Company Info
Red Deer Advocate
Local news, weather, obituaries and classifieds for Red Deer, AB, Canada
Red Deer, Canada
+1 403-314-4337
Founded: 1901