Quote:
Originally Posted by CorsiHockeyLeague
I don't think that's correct... as it was explained to me, the bulk of the money (possibly all of it?) going towards the arena can only be used for capital projects. I'm prepared to stand corrected though.
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Right, but if the capital budget pot runs out, and they need to build, say, an interchange, could they not take money from the other pot for that capital project? And I assume at some point there is a balance where they allocate money to that capital budget? It sounds like if capital money comes form other forms of government, it can ONLY be spent on capital projects, whereas property tax dollars can be allocated to anything. Obviously funding ftom other levels of government would need to be added to with tax dollars, so there must be some usage there. Which gets back to there only being one tax payer.