Calgary Faces $3.5 Million Budget Deficit For 2010-2011
AHN Staff Calgary, Alberta (AHN) – Like its mother province Alberta that is reeling from the impact of the recession and the global economic crisis from late 2008, Calgary is also suffering financially. The city approved its 2010-11 budget with an expected $13.5 million budget deficit. The gap is not expected to be closed despite approval a day before by the city council of a tax increase a little below five percent for next fiscal year. It would cost Calgarians $54 more on their residential property tax bill. Despite the tighter budget, Alberta municipalities are even hiking their spending at 1.6 times above their population rate and inflation growth. In the case of Calgary, its spending increase will be by 1.4 percent. Calgary Mayor Dave Bronconnier said in a statement, “This is the tightest budget that we have had to delivery in years. It comes with layoffs. It also comes with some program changes, yet we have preserved our key priority areas of public safety, mobility and environmental protection.” Article © AHN – All Rights Reserved
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