Thank you very much.
In my five minutes this morning what I wasn't able to tell you is the rate of population growth that we are also experiencing. There are problems that exist in all other municipalities across Canada with infrastructure deficits. We've been challenged to keep pace with the regular maintenance workers along with that. I know Montreal has old infrastructure as well; Fort McMurray has that too, and so does the rest of Alberta. What Fort McMurray has that's different is population. We've been growing at 8% for the last six years. That will continue for the next five. That just takes us to two million barrels of oil production. If we go to three million in 2015-2020 and five million in 2030, the population continues to increase. We have the same challenges as everybody else, but financing growth is where we just don't have an offsetting measure in the interim to be able to do that.
The oil sands will contribute more financially in five, seven, ten years, but right now we don't have money to do it. Our debt is at 85% of two times our revenue, which is more than any other Alberta municipality is allowed to do. It's three times higher than Edmonton and Calgary. If you go across Canada, I think we've got the highest debt already. We don't have enough room to take on more with what we have for confines in the budgeting process.