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New debt policy looks to put Orangeville on sound financial footing
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New debt policy looks to put Orangeville on sound financial footing
By JAMES MATTHEWS Orangeville is getting its books in order as part of a step toward financial sustainability. The current debt load in the 2025 budget is about $3.7 million. Cheryl Braan, the town’s chief financial officer and treasurer, said that’s the cost required to service all of Orangeville’s outstanding debt. The proposed Long-term Debt Borrowing Policy provides an overall upper limit of about 12 per cent, and Braan said the town sits at…
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