Manitoba orders Rural Municipality of Lakeshore to take provincial loan to cover $2.5M shortfall
By
laurieb
Toasted to a respectable shade. No regrets, no crumbs left.
Summary
The Rural Municipality of Lakeshore in Manitoba has been ordered by Municipal Minister Glen Simard to take out a loan from the provincial government to address a nearly $2.5 million fiscal shortfall. The unusual directive comes after years of deficits and follows a previous RCMP investigation into financial irregularities at the municipality. The loan is intended to replenish the municipality's accounts and address ongoing financial mismanagement concerns.
Key quotes
· 2 pulledThe move from the Rural Municipality of Lakeshore comes after Municipal Minister Glen Simard took the unusual step of ordering the local government to borrow the funds from the province and replenish its accounts following years of deficits.
A rural Manitoba community once subject to an RCMP investigation into 'financial irregularities' has been forced to take out a loan to shore up a fiscal shortfall of nearly $2.5 million.
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