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Last night, Raymond Town Council passed a first reading of Bylaw No. 1111-22 which authorizes the Town to borrow a principal sum of money – via a line of credit – from the Alberta Treasury Branch (ATB) for the purposes of financing operations as required on a floating basis. Please be advised that passing a bylaw of this nature is standard operating procedure and occurs every year to ensure that the Town always has access to funds for covering short-term operational expenses. These funds in no way contribute to the Town’s long-term debt portfolio.    

To read Bylaw No. 1111-22, please click on the button to the right.

Bylaw No. 1111-22 will undergo a second a possible third reading at the February 15, 2022, Council Meeting.