The campaign to elect Jay Aissa Waterloo Regional Chair enlisted Aissa’s wife, Natalie, to voice the anti-LRT candidate’s election day robocall:
“Every person who knows Jay, knows him to be a sincere, fair and honest man,” Natalie said of her husband.
There was no mention of the Aissa camp’s regional debt projection in the call. Most of Aissa’s messaging claims the region will be $1.5 billion in debt by 2024, which was proven inaccurate.
It appears annual debt repayments were omitted from the figure, which was based on the 2014 to 2023 capital plan. The annually reviewed spending framework calls for the possibility of taking on $1 billion of debt to pay part of the bill for $2.6 billion in projects.
With debt repayments, the actual debt owing by 2023 would be closer to $755 million, said Angela Hinchberger, the region’s director of treasury services.
“We are currently working on our 2015 to 2024 capital plan, and we are making significant changes in terms of timing of expenditures, other financing sources and we expect to actually issue less debt,” Hinchberger said.
Polling stations close at 8:00 p.m. tonight.