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WK 10 years old and 28 million in debt

WK 10 years old and 28 million in debt

Postby vissfam » Dec 7th, 2017, 8:08 am

West Kelowna,
10 years old and 28 million in debt.
2 million in reserves in case something bad happens.
That's all for now folks.
Page 4,5.
https://issuu.com/blackpress/docs/i20171124110222667
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Re: WK 10 years old and 28 million in debt

Postby Jflem1983 » Dec 7th, 2017, 8:27 am

vissfam wrote:West Kelowna,
10 years old and 28 million in debt.
2 million in reserves in case something bad happens.
That's all for now folks.
Page 4,5.
https://issuu.com/blackpress/docs/i20171124110222667




Thats not too bad. 28 million in debt. 30k people. 10k per person roughly.

I congratulate west Kelowna.

10 good years.
Now they want to take our guns away . That would be just fine. Take em away from the criminals first . Ill gladly give u mine. "Charlie Daniels"

You have got to stand for something . Or you will fall for anything "Aaron Tippin"
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Re: WK 10 years old and 28 million in debt

Postby LANDM » Dec 7th, 2017, 8:46 am

Jflem1983 wrote:
vissfam wrote:West Kelowna,
10 years old and 28 million in debt.
2 million in reserves in case something bad happens.
That's all for now folks.
Page 4,5.
https://issuu.com/blackpress/docs/i20171124110222667




Thats not too bad. 28 million in debt. 30k people. 10k per person roughly.

I congratulate west Kelowna.

10 good years.

No.....under $1000 per person.

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Re: WK 10 years old and 28 million in debt

Postby forumdoug » Dec 7th, 2017, 9:04 am

I'm not too concerned about the debt as I am about the Council's insistence on providing regional district-quality of services in what, at least to me, seems like a blatantly obvious attempt to keep property taxes arbitrarily too low and prevent them from rising to try and prevent those that supported amalgamation with the City of Kelowna from saying, "I told you so!"

10 years ago, I voted to amalgamate with the City of Kelowna but accepted the incorporation vote and all I got was...6 extra elected local politicians and a mayor! I didn't even get a cheap t-shirt. :(

Edit: I feel like the Mayor & Council are like these people from this film:

https://www.youtube.com/watch?v=DnqPrDN77Xg

Cheers,
Doug

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Re: WK 10 years old and 28 million in debt

Postby lightspeed » Dec 7th, 2017, 9:27 am

forumdoug wrote:I'm not too concerned about the debt as I am about the Council's insistence on providing regional district-quality of services in what, at least to me, seems like a blatantly obvious attempt to keep property taxes arbitrarily too low and prevent them from rising to try and prevent those that supported amalgamation with the City of Kelowna from saying, "I told you so!"

10 years ago, I voted to amalgamate with the City of Kelowna but accepted the incorporation vote and all I got was...6 extra elected local politicians and a mayor! I didn't even get a cheap t-shirt. :(

Edit: I feel like the Mayor & Council are like these people from this film:

https://www.youtube.com/watch?v=DnqPrDN77Xg

Cheers,
Doug


Or the cast of The Wicker Man...
"Why does everyone in Kelowna act like they're in Hollywood"

A hermit; a recluse; one of the Okanagan "hill people"

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Re: WK 10 years old and 28 million in debt

Postby KK69 » Dec 7th, 2017, 10:12 am

*removed*
Last edited by ferri on Dec 16th, 2017, 10:30 am, edited 1 time in total.
Reason: Baiting
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Re: WK 10 years old and 28 million in debt

Postby AltaRed » Dec 13th, 2017, 2:45 pm

More importantly, we would have been forgotten as that poor sister across the bridge. With most of the councillors and people on the Kelowna side of the bridge, we would have not gotten our fair share of taxes back for re-investment into our community.

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Re: WK 10 years old and 28 million in debt

Postby forumdoug » Dec 15th, 2017, 10:50 am

What's "The Wicker Man" about? ;)

Cheers,
Doug
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Re: WK 10 years old and 28 million in debt

Postby Omnitheo » Dec 15th, 2017, 5:23 pm

People act like kelowna hasn’t already been through multiple amalgamations. Rutland was once it’s own city. Glenmore, Mission, all areas that had to join the city of kelowna. Is Glenmore kelowna’s forgotten poor sister?
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- Justin Trudeau

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Re: WK 10 years old and 28 million in debt

Postby motokelowna1 » Dec 15th, 2017, 5:27 pm

Just checking under my bed for some cash to help out. Sorry Government taxes got it...

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Re: WK 10 years old and 28 million in debt

Postby maryjane48 » Dec 15th, 2017, 6:14 pm

Govt are made to go in debt [icon_lol2.gif] anyone thinking otherwise should head to riverview

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Re: WK 10 years old and 28 million in debt

Postby hupur » Dec 16th, 2017, 10:42 am

are you going to whine about it forever?Maybe its time to accept the fact that most people wanted to not join your little Kelowna club.We are far better off as our own entity,We have phenominal business growth and as the blight across the pond becomes to full of shacks with nowhere to expand,we,are the bright alternative to living over there.Maybe you could run for council and use your obvious financial intellect to lower the burden on the poor west kelowna taxpayers,oh and while your at it,change the name..get rid of the Kelowna stigma.
:biggrin:
forumdoug wrote:I'm not too concerned about the debt as I am about the Council's insistence on providing regional district-quality of services in what, at least to me, seems like a blatantly obvious attempt to keep property taxes arbitrarily too low and prevent them from rising to try and prevent those that supported amalgamation with the City of Kelowna from saying, "I told you so!"

10 years ago, I voted to amalgamate with the City of Kelowna but accepted the incorporation vote and all I got was...6 extra elected local politicians and a mayor! I didn't even get a cheap t-shirt. :(

Edit: I feel like the Mayor & Council are like these people from this film:

https://www.youtube.com/watch?v=DnqPrDN77Xg

Cheers,
Doug

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Re: WK 10 years old and 28 million in debt

Postby WalterWhite » Dec 16th, 2017, 10:48 am

maryjane48 wrote:Govt are made to go in debt [icon_lol2.gif] anyone thinking otherwise should head to riverview


Lol - except the government closed Riverview years ago....
Forget Cialis, Viagra, or Levitra. When you need to get it up fast - reach for new and improved Westcorp. Proud official suppliers of Basran's *bleep*

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Re: WK 10 years old and 28 million in debt

Postby TreeGuy » Dec 16th, 2017, 11:14 am

vissfam wrote:West Kelowna,
10 years old and 28 million in debt.
2 million in reserves in case something bad happens.
That's all for now folks.
Page 4,5.
https://issuu.com/blackpress/docs/i20171124110222667


I read the article, technically there is $30 million in reserves.

Is the $30 million in reserves sitting somewhere earning a higher interest rate than the cost of the debt? Or maybe it is under Doug's mattress?

Is that $28 million debt growing due to interest?

In my personal finances I would pay off that debt if the interest was costing more than what my reserves were earning.
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Re: WK 10 years old and 28 million in debt

Postby forumdoug » Dec 16th, 2017, 1:47 pm

hupur wrote:are you going to whine about it forever?Maybe its time to accept the fact that most people wanted to not join your little Kelowna club.We are far better off as our own entity,We have phenominal business growth and as the blight across the pond becomes to full of shacks with nowhere to expand,we,are the bright alternative to living over there.Maybe you could run for council and use your obvious financial intellect to lower the burden on the poor west kelowna taxpayers,oh and while your at it,change the name..get rid of the Kelowna stigma.
:biggrin:


What *bleep* pipe dream are you living in? "Phenomenal business growth"? Westbank First Nation had some pretty good retail trade growth a number of years ago but it's been flat, to declining, the past 2-3 years. In the City of West Kelowna, on both a gross and a net (net of business bankruptcies and closures, that is), it's in decline. The economy is in shambles. If it weren't for the City of Kelowna, we'd be...Enderby*! ;)

Cheers,
Doug

* No offence to Enderby.
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