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North Bay’s debt is going down…

The city of North Bay is chipping away at it’s debt.

The city just received their audited financial statements and their debt has gone down from 67-million at the end of 2013 to 62.9 million. Mayor Al McDonald says this is a good indication that the city is being well run and that it is in a strong financial position.

McDonald adds that they are still spending record amounts of money on infrastructure to ensure a strong financial future. The city has invested 55-million in infrastructure over the last five years.

 

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