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Originally Posted by monkeyman
Wait, I though Nenshi tweeted and several posters agreed that Rempel was out to lunch and there was nothing the city could do about the huge tax increases... am i missing something?
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I think this was already in the works a few weeks ago. If I'm remembering correctly, council had approved the spending but they hadn't figured out the specifics of how to distribute the subsidy.
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Council agreed in November to withdraw $15 million from its rainy-day fund to help struggling small businesses. City hall lawyers are still trying to determine how to dole out the funds, with council expected to weigh in on a plan Jan. 23.
“We have to come up with a process where small businesses that are finding themselves in trouble can apply for this money and that’s what we’re working on right now,” Nenshi said Tuesday.
“Lawyers, frankly, are tying themselves in knots trying to figure out a way to target this aid to the people who need it the most.”
While it’s been criticized as not being enough, Nenshi said the $15-million figure was calculated as the amount of money needed to cap increases for small businesses at a maximum of five per cent.
What constitutes a small business and whether a potential rebate program would be run by the city or handled by an outside agency are two of the questions officials are still trying to solve.
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From the article in OP.