.captiontext { font-size:90%;font-style: italic;margin-right:20px; } Cochrane town council has approved a capital budget of nearly $32 million to upgrade and expand the community’s water treatment plant, with most of the project proposed to be financed through borrowing tied to future growth. Council gave first reading to a debenture bylaw authorizing the town to borrow up to $25.24 million toward the estimated $31.9 million project. The bylaw n…