Premier Smith offers Edmonton help, city councillors indicate it’s not needed

WATCH ABOVE: Seven high-level managers have left the cash-strapped City of Edmonton the past year and now, amid the recent departures and financial concerns, the Alberta government has offered the city help — if it wants it. But as Breanna Karstens-Smith explains, critics wonder if the concerns are a political play.told reporters Wednesday that the Alberta government is “ready to assist if would like to ask us for assistance.

According to a City of Edmonton spokesperson, total debt servicing is allowed up to 21 per cent of city revenues, although emergencies would allow debt servicing up to 26 per cent of city revenues.As of March 12, the city was expected to use 81.2 per cent of its tax-supported debt servicing limit and 51.7 per cent of its total debt servicing limit.

“The City of Edmonton is in compliance with our guiding legislation in all aspects of our operation, including with our financial policies, which are well within the legislated limits,” Mayor Amarjeet Sohi said in a statement Wednesday. Smith is also offering help after learning seven senior staff have left the City of Edmonton in the past year.

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