Surrey Mayor shocked by city’s $514 million in debt
Recently re-elected Mayor of Surrey, Doug McCallum, is hoping to launch a ‘pay as you go’ system to help cut down debts after he discovered the city is nearly half a billion dollars in debt.
After learning of the debt, McCallum said he was, “shaken to his core,” and “deeply dismayed” by the state of finances.
McCallum said his hope for his proposed ‘pay as you go’ approach is for Surrey to save up and pay bills when they are due. According to the new mayor, this system would not impact current programs and services across the city, however he said they do have to consider how they proceed with their capital projects as a result of the debt.
Since being elected, two major projects McCallum has pushed are getting rid of the RCMP in favour of a private Surrey police force and building a Skytrain instead of a Light Rail network.