Sell bonds to finance road construction: GSTA

By: Darren MacDonald - Sudbury Northern Life

 | Oct 03, 2012 - 2:32 PM

Lobby group talks roads, markets and its connection with the mayor

Could the issuing of municipal bonds help Sudbury climb out of a $700-million infrastructure deficit? The Greater Sudbury Taxpayers Association thinks so. File photo.

Could the issuing of municipal bonds help Sudbury climb out of a $700-million infrastructure deficit? The Greater Sudbury Taxpayers Association thinks so. File photo.

Loathed by many city councillors for its criticism of how the city is run, the Greater Sudbury Taxpayers Association is eager to clear the air about what it is, how it operates and what it’s goals are.

Three members of the group’s executive visited Northern Life Oct. 2 for a wide-ranging editorial board interview. The group is currently campaigning to convince council to deal with Sudbury’s $700-million infrastructure deficit by issuing bonds.

Their research shows the city could double its roads work to about $100 million a year, and bond-financing could be a way to finance that work, setting the stage for Greater Sudbury to grow.

The executive was also anxious to separate themselves from the administration of Mayor Marianne Matichuk.

While some members of the group worked on the mayor’s election campaign, they say there’s currently no connection between them. In fact, they say they’ll oppose her if she supports spending $6 million building a new Market Square on Elgin Street.

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