Quote:
Originally Posted by Hanni
This my understanding of the current situation as well. The Operating Budget is in surplus but they are borrowing for capital projects. The justification I've heard is that the borrowing for capital projects does not count towards the deficit as you gain an actual asset (a road, school, hospital etc.).
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The laws that Jim Dinning put in for accountability and transparency were repealed so that they could essentially 'cook the books' concerning not only capital projects, but existing infrastructure. This was gearing up to be a big story in the papers heading towards the budget, but disappeared when the travelgate story popped up. There were several stories in the paper concerning the possible misuse of reporting concerning the budget.
http://www.calgaryherald.com/opinion...771/story.html
http://www.calgaryherald.com/opinion...399/story.html
I would love to see a reporter delve into the mess that is the royalty process for our oil and gas reserves as well, but I'm pretty sure reporters are an extinct species as we once knew them.
I wish this was a bigger story though.