Waste water debt in Bancroft could end with cash shortage

The town of Bancroft may see a cash shortage by February 2017 as a result of its waste water debt.

This information was presented to the Bancroft Committee of the Whole by the town’s Treasurer Craig Davidson.

The committee is being asked to have staff look at new ways to fund the town’s wastewater debt.

Information was also presented to the committee by CAO Hazel Lambe, showing the town’s waste-water deficit will have reached over $2-million by the end of 2016.

Town staff continues to work on a plan that would recover waste water debt and prevent any further.