WK 10 years old and 28 million in debt

[vissfam]

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

[Jflem1983]

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.

[LANDM]

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.

[forumdoug]

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

[lightspeed]

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...

[KK69]

*removed*

[AltaRed]

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.

[forumdoug]

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

Cheers,
Doug

[Omnitheo]

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?

[motokelowna1]

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

[maryjane48]

Govt are made to go in debt anyone thinking otherwise should head to riverview

[hupur]

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.

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

[WalterWhite]

Govt are made to go in debt anyone thinking otherwise should head to riverview

Lol - except the government closed Riverview years ago....

[TreeGuy]

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.

[forumdoug]

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.

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.