City releases alternative approval process results
PRINCE GEORGE — The City of Prince George has released the results of the alternative approval process it activated earlier this year.
Back on February 25, City Council gave first three readings to 11 loan bylaws requiring elector approval for the long-term borrowing of funds for equipment financing and for capital projects deemed essential to maintaining and enhancing important civic infrastructure.
For long-term borrowing, local governments must obtain the approval of electors. The provincial government provides municipalities with two ways to obtain the approval of electors for long-term borrowing: a referendum or the alternative approval process.