Castlegar scores nicely on financial report card

Castlegar has maintained strong financial health over the past few years.

This from auditor Don Simpson with BDO Canada who says it is due to good planning over time through the City’s capital budget.

He explains in any single year they wouldn’t be able to finance certain projects just by raising taxes.

Simpson – who has done the financial report for the City for the past five years – adds Castlegar currently has 5 point 6 million dollars worth of Financial assets that could be called upon before any borrowing needs.