Quote:
Originally Posted by Macman
Will be interesting to see where this 3.1B is going to come from in the new budget this year and the next 25 or more years for this climate change initiative.
Is that not a ton of money to be adding to the budget? I heard this morning that a lot of city services have increased in cost as well and those have to be taken care of now as well in the upcoming budget.
They said in the article on the climate initiative that there is some money coming from outside industries but it’s still a large sum for the city. Maybe the Feds have said they’ll pay for it but I kinda doubt that, that’s just too much money.
|
Quote:
|
The $87 billion price tag, or $3.1 billion annually for the next 28 years, would be covered by all levels of government as well as stakeholders in the private sector.
|
https://calgary.ctvnews.ca/calgary-c...tegy-1.5976003
This isn't the city spending 3.1 billion per year, this is the cost in general to implement all the measures. It also says all levels of government. Much of it will be spent by businesses and individuals to meet the targets. I'd imagine much of the city spending will be replacement costs, so instead of replacing an old diesel bus with another one, it would be the incremental cost of replacing it with natural gas or electric. Same with building heating and cooling, a lot of it would have been done anyway, this is just summing the costs. But it's an easy headline to divide by 28 and say that's what our direct tax dollars need to cover, even if it isn't remotely true.