For the Record: Redcliff eases its debt situation
By Medicine Hat News on April 28, 2021.
The Town of Redcliff retired more debt than it took on in 2020, according to the town’s year-end financial statements presented this week. They state the town’s accumulated long-term debt sat at $5.44 million at the end of 2020, about $330,000 less than where it sat Dec. 31, 2019. The current level puts the town at about 28 per cent of its mandated debt ceiling calculated, which is 1.5 times annual municipal revenue under a provincial government formula. The report shows the town ended with a $180,000 operating shortfall after a wide array of budget variances in the 2020 fiscal year. Overall expenses were about $1 million less than budgeted, at $12.83 million, compared to revenue of $12.65 million, in which lower than expected tax revenue was offset by much higher investment income. Union drive at Wellington The United Steelworkers health-care unit has filed a certification application for workers at the Wellington Retirement Resident in Medicine Hat, the latest report from the Alberta Labour Board states. The application, filed April 23, asks that the USW Local No. 1595 become the bargaining agent for 68 non-clerical employees at the seniors’ resident on Southview Drive. The Wellington is operated by Park Place Seniors Living. Flags lowered Flags at city hall will remain at half-staff this weeks in remembrance of former alderman Wayne Craven who died last week at age 80. The practice is to keep flags lowered until a funeral or memorial service is held. A notice in today’s edition states a virtual service will be held Saturday, May 8. Redcliff Days postponed Town council agreed Monday to postpone Redcliff Days for about two months, then combine the annual spring festival with a fall fair held at the end of August. Uncertainty about holding large group gatherings under pandemic protocols led to the decision to delay the event, held typically in mid-June, until Aug. 27-29. 16-15
