Central Alberta town faces uncertain future as it drowns in debt and faces potential insolvency | CBC News

The Town of Gibbons in central Alberta faces an uncertain future due to a multimillion-dollar financial crisis, potentially leading to insolvency. The town's mayor and council have acknowledged the severity of the situation, which has resulted from years of poor financial decisions. The Alberta government has appointed an official administrator to oversee the municipality's governance and finances. Efforts are underway to address the crisis, including discussions with the Alberta Ministry of Municipal Affairs, layoffs, and the exploration of service transfers to Sturgeon County. A viability review will examine the town's governance and financial state, with potential outcomes including downgrading its status to a hamlet.