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Kitchener’s debt doubled in a year. How close is it to its own limit?

$153.4Mdebt at the end of 2025, up from $79.3M a year earlier

The City’s own debt-to-reserve ratio rose from 0.5 to 0.9 against a maximum target of 1.0. The City explains the borrowing in its budget, and that explanation is on the page with the question, along with ordinary reasons this could happen.

Read the question and sources

Also new for Kitchener this week
  • Unpaid taxes rose to 9.6% of taxes billed, up from 8.1%.
  • The 2025 audited financial statements were added to the sources.
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