Lambton County approves $29.5M borrowing, raising debt to $44.1M for road projects, affordable housing, and capital initiatives; faces $550k operating deficit in 2022.

Lambton County's debt is increasing after a significant reduction over the past decade. The county council has approved $29.5 million in new borrowing, potentially raising total debt to $44.1 million. This funding will support road projects, affordable housing, and other capital initiatives. The county is also facing a projected $550,000 operating deficit for 2022 and may need to utilize reserves to balance its budget.

September 14, 2024
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