Part three: It's all about the Capital...
The proposed adjustments to the 2016 budget are as follows:
• $1.4 billion for growth projects;
• $522 million for maintenance projects;
• $115 million for service increase projects;
• $254 million for upgrade projects
In terms of capital infrastructure investment, the above may be categorized as follows:
• $925 million for Transportation;
• $408 million for Cultural, Parks and Recreation infrastructure;
• $448 million for Water infrastructure;
• $127 million for Waste & Recycling infrastructure;
• $98 million for emergency services(including Police) infrastructure; and
• $285 million for corporate infrastructure
Just a reminder ... completing the above Capital projects WITHOUT RAISING TAXATION ...
The Citizen Satisfaction Survey & Research on Calgary’s Economy will be released to the public today. Pertinent to Citizens of Calgary feedback regarding Capital Investment are the following:
1. Transparency is critical in the projects and costs.
2. Positive agreement capital projects are necessary during the slower economic times.
3. Choosing the right projects are just as important
Ward Sutherland, Vice Chair of Priorities and Finance Committee
This content represents the personal views and opinions of the Councillor and should not be taken as a statement of policy of The City of Calgary. The inclusion of any external content does not imply endorsement by The City of Calgary.