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.
