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11-11-2012, 10:35 AM
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Originally Posted by Gone View Post
I'm hearing rumbling's that the city is in deep financial trouble. Apparently Edmonton's debt of $2 Billion++ (over 100% of income and over $2500 per person) is one of the highest (if not the highest) in North America. But their debt is rated high because they have the backing of the Province.

The city may have to cut back some employees, claw back pensions etc. This will go over well as with the other hand they are handing Katz $400 million.
Eh. Calgary has an even higher debt and higher per capita owing. Seems to be par for the course that the cities will try and spend there way out of the recession.

TLDR; city is not in financial trouble, it's par or slightly better when compared with other, similar, cities.

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