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Debt Limit
A debt limit is the maximum debt that the municipality may undertake in a fiscal year. Debt limits for municipalities are legislated by the province at 1.5 per cent of annual revenue.

Debt servicing is the maximum amount of principal and interest that the municipality may pay on its debt over the fiscal year. This amount is also legislated by the provincial government. It's equivalent to .25 times the Town of Banff’s eligible annual revenue.

Town of Banff 2012 Debt Limit Calculations
The 2012 Debt Limit Calculations are available for review: 2012 Debt Limit Calculations (PDF)

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110 Bear Street