The RM of Dauphin is set to borrow over one million dollars for the 2018 fiscal year for general operating expenses.
1 million 300 thousand dollars is budgeted to be borrowed from the Bank of Montreal at a prime interest rate each month of minus 0.5 percent.
The RM is also borrowing up to 100 thousand dollars for utility operating expenses from the Bank of Montreal with interest each month set at the prime borrowing rate plus .75%.
The by-law for the borrowing of monies passed first reading at the most recent council meeting.
