The City of Yellowknife has indicated to us that they don’t need to borrow money from us, that they can get money at as cheap a rate as we can. They acknowledge that fundamentally this is a responsibility that falls within the purview of the City of Yellowknife. Should we get an increase to our borrowing limit, as the Premier has indicated, we have to maintain our fiscal discipline for the next couple years to get ourselves clear so that by year three and four we can invest money in key strategic infrastructure initiatives. If the City of Yellowknife at some point takes some further steps in terms of the Northlands issue and they come back to us, of course we will look at whatever their request may be at that time.
Michael Miltenberger on Question 9-17(2): Northlands Trailer Park Water And Sewer Infrastructure Replacement
In the Legislative Assembly on February 7th, 2012. See this statement in context.
Question 9-17(2): Northlands Trailer Park Water And Sewer Infrastructure Replacement
Oral Questions
February 6th, 2012
See context to find out what was said next.