Quote:
Originally Posted by Classic_Sniper
Has anyone bothered to do the math on how much a new arena will actually cost each tax payer? When the public hears hundreds of millions will be spent, that obviously doesn't sound too good. But when you divide the total by every tax payer, what's the actual cost to each individual? if someone with the knowledge can find that out, I think that might open some eyes here.
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On the last page, my very hack attempt at trying to find out the cost per "taxpayer"
* Total 2016 City of Calgary Revenue: $4,700,000,000
* 450,000 households X $3,000 each per year = $1,350,000,000 (29% of city Revenue)
*City Expense for Arena funding: $250,000,000 X 29% = $72,500,000 to Households. Or, $161 per house.
*$161 cash upfront / 30 years - about $5 per year per house.