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Friday May 24, 2013

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QUESTION OF THE WEEK

Survey results are meant for general information only, and are not based on recognised statistical methods.



City larks plan to deal with roads

Councillor Wilbur declared that the City of Prince George is not insolvent. He also

described the City’s inability to pay for road maintenance as a crisis. These statements

are hard to reconcile.

Insolvency means ceasing or being unable to pay obligations as they become due.

Maintaining infrastructure is the city’s first obligation. If the city cannot maintain its

roads, is the city not insolvent?

Like European nations that spent themselves into a financial crisis, the city is unwilling

to impose the taxes needed to fix decaying infrastructure. Failing to pay obligations

turns insolvency into bankruptcy. Last week, the city of Stockton, California declared

bankruptcy, and more municipal bankruptcies are predicted.

Prince George’s pothole crisis is a sign of insolvency. The city should have a plan to

pay its infrastructure obligations and avoid bankruptcy. Where is the plan?

Glen Nicholson

Prince George


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