Surrey Mayor Doug McCallum 'dismayed' by $514 million city debt

Surrey Mayor Doug McCallum says he is “deeply dismayed” by the state of the city’s finances and has instructed staff to launch what he calls a “pay as you go” system to cut down the debt.
McCallum, who served as Surrey’s mayor between 1999 and 2005, was re-elected in October and says he was “shaken to the core” when he learned about the red ink on city books.
He says the current debt totals $514 million.
McCallum is confident the planned pay-as-you