© Times-Herald photo by Lisa Goudy
Moose Jaw city hall is pictured.
The City of Moose Jaw is requesting a higher debt limit from the Saskatchewan Municipal Board.
Councillors passed a motion to request an established debt limit of $95 million for the city.
The current debt limit for the city is $63 million as established on Feb. 25, 2009. The debt limit was established for a three-year period ending in December 2011 and another three-year period that ends on Dec. 31 of this year.
Presently, the city has a total of $35 million in outstanding debt. The city anticipates additional borrowing that will be required for several upcoming projects.
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