City Council hoping for debt-free 2018

first_imgThe Mayor and City Council (M&CC) is hoping to sustain itself with viable plan to stay out of debt.This is according to Mayor Patricia Chase Green, who, during an interview with Guyana Times, said that she was confident of her plan to do so.The Mayor was asked on Tuesday about the constant debt crisis at City Hall.“As of now, we don’t owe Cevon’s and Purans, anything other for the work that they have done. I think that payment would come on time. We are going to look at it; our finance committee would meet. As I said that we should not be owing,” she stated.She explained how they would be dealing with payment to these companies, “While our contracts say that you have a 90 days’ grace period to pay them what is owed, if you take 90 days to pay them for January you talking about till April, while you wait till April to pay for January, you have February and March coming down the line. We would try to pay much earlier so we don’t have that backlog that we had, because the Government has indicated that they are not going to take us out of any deep waters.”In hopes to further control the garbage situation, the City Council is also expecting to purchase two garbage trucks this year, utilising the $200 million allocated to them by the Government in the 2018 budget.In late 2017, the City Council found itself in hot water, owing hundreds of millions to garbage collection contractors, Cevon’s Waste Management Inc and Puran Bros Disposal Service. In an attempt to deal with this backlog of payment, Councillors had voted to seek a bailout from the Government through the Communities Ministry. The bailout had been granted until December 31.last_img

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