Quote:
Originally Posted by sleepingmoose
You're talking about Capital funding vs. Operational funding - giving taxpayers the portion they're going to spend on this arena would help lower it a bit for one year, but then they'd be right back up the following year. They're trying to reduce operating costs to keep the tax rate lower.
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Quote:
Originally Posted by sureLoss
Ryan Pike
@RyanNPike
A distinction: any arena funds from #yyccc would be from capital grants which can ONLY be used to build stuff. The current tax hubbub and service cuts (also on Monday's agenda) come from operational funds, which are completely different and funded by taxes.
In the last iteration (July 2017) of the deal, the funding for the City's $175m cash contribution was from leftover funding from previous infrastructure grants identified during Infrastructure Calgary process.
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Thanks for this. Makes more sense now.