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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So where does the City get capital grants from? Do these come from the provincial or federal governments with the mandate they be spend on "building stuff?"