Dollars Set Aside for Possible Referendum
Prince George, B.C. -The City of Prince George Legislative Services budget for 2017 has boosted its budget by $100 thousand dollars, in the event it may conduct a referendum this year.
The City is looking at constructing a new Four Seasons Pool and replacing Firehall #1. Together, the two projects carry a $50 million dollar price tag.
Because of the size of the amount that would need to be borrowed and the length of term for the loans ( between 20 and 30 years) the electorate has a say.
The City could call for an alternate approval process, which would require 10% of the eligible electorate to sign a document indicating they do not support the borrowing. Or, they could call for a referendum.
Both projects will be up for discussion later this evening when the Capital plan is brought forward for discussion and possible approval.