BMO
Senior Member
Hey UT forumers. Been on these forums for well over a few years, posting every now and then.
I've been researching on Translink (Vancouver's transit authority/ agency), and I read that the system currently has a debt close to $1.1 billion.
I was wondering if any of you could shed some light on why it would beneficial for a transit agency to be able to incur debt. As far as I'm aware, currently the TTC is not allowed to incur debt, because it is a municipal service, and Canadian municipalities aren't allowed to have debt in a sense.
thanks in advance.
Brandon,
I've been researching on Translink (Vancouver's transit authority/ agency), and I read that the system currently has a debt close to $1.1 billion.
I was wondering if any of you could shed some light on why it would beneficial for a transit agency to be able to incur debt. As far as I'm aware, currently the TTC is not allowed to incur debt, because it is a municipal service, and Canadian municipalities aren't allowed to have debt in a sense.
thanks in advance.
Brandon,