Thank you, Mr. Chairman. The one variable that is yet to be finalized, and the Premier mentioned in some of the debate in the House this morning, and that is the conclusion to our request for an increase to our borrowing limit. When you look at the status quo, the debt ceiling, we’ve been working to keep a minimum of $100 million cushion between us and the $800 million borrowing limit. We are now slightly under that $100 million as a result of the latest decision to cushion and absorb the cost of the rate rider for low water on the Snare. For short-term borrowing, we think we can manage within the $275 million, but for the sake of prudence and taking away the risk that we think it should be increased to $300 million, especially as we look at the request that’s before the House to move $40 million of the Tuk-Inuvik Highway Project from next year to this year to ensure that the project keeps working and that the work gets done without any break. Thank you.
Michael Miltenberger on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on October 17th, 2014. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
October 16th, 2014
See context to find out what was said next.