[powderjunkie]

Originally Posted by calgarygeologist

City Council is learning the lesson that math is hard or maybe someone is skimming off the top because the previously reported $147M surplus is now actually $143M.

https://www.cbc.ca/news/canada/calga...plus-1.6439036

Seems like a lot of silly pearl-clutching around this story. I'd be very interested to know exactly how administration presented this to council (any caveats about finality?) and how the $147M figure made it to the media...may have been from simply watching the meeting, where it's possible the media ignored any context/caveats.

CFO may have screwed up on omitting the $38M, but any of the 15 councillors could also have asked about it if they were on top of things.

Ultimately it's a very good story that's now just a good story.