Municipal Debt In Alberta Jumps To $7.7 Billion

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(CP) | CP

EDMONTON - Municipal debt continued to steadily increase across Alberta last year, as cities and towns cope with growing demands and a growing population.

Municipalities collectively owed $7.7 billion in 2011, according their audited financial statements now available online through Alberta Municipal Affairs. That’s up from $7.2 billion in 2010, and has more than tripled since it was $2.5 billion in 2004, the earliest years for which numbers were available.

Read the whole story at Edmonton Journal