Mr. Chairman, this debt developed over a period of time and as of March 31, 1998, they had a $214,000 debt. It recovered a bit and at March 31, 1999, it was down to $52,000 and then between March 1999 and March 2000, it jumped back up to $383,000. The mayor and council, it appears, did not grasp the severity of their financial situation until December of 1999 as a result of getting misleading information, as I mentioned, from some of their senior people working in the hamlet office. I assume that MACA as well was not receiving any better information than were the mayor and council. Both MACA and the mayor and council have to depend on the information the officials in the hamlet office are providing. Thank you.
Joe Handley on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on November 15th, 2000. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
November 14th, 2000
Page 913
See context to find out what was said next.