19 Jul, 2013

Enid Slack discusses implications of Detroit Bankruptcy for Canadian Cities in CBC News and Global News

On July 21st, IMFG Director Enid Slack was quoted in a CBC News article called, “Canadian cities, take note of Detroit’s downfall.”

In a July 19th Global News article called Canadian cities cash-strapped but keep books balanced,” IMFG Director Enid Slack noted that for Canadian municipalities,  “there’s almost 4,000 so it’s difficult to speak about them altogether, but generally because they’re not permitted to run operating deficits, and there are restrictions on the amount of borrowing they can do, … they are in good fiscal shape.”