Greater Sudbury reduces debt load by $89 million, CFO says 

A so-called capital reset — basically a re-organization of finances — will allow the City of Greater Sudbury to save millions in debt as it works to complete some major projects, including the events centre. Margaret Karpenko, the city’s chief financial officer, told The Star recently that staff found nearly $90 million in surpluses by cancelling or deferring some projects. “We’re reducing the municipal debt authority by $89 million,” she said. Karpenko liken