The City of Calgary now has an annual revenue shortfall of roughly $50 million. The main cause of the shortfall is a $5.4-billion drop in the value of buildings downtown. So council is now looking to non-downtown businesses and homeowners to pick up the slack.
Empty buildings are a result of fewer businesses. Fewer businesses mean fewer jobs. Fewer jobs mean less people moving to the city. Higher taxes make Calgary a less attractive place to live.
Why is it that only one councillor sees that the mayor and his tax-and-spend mentality is part of the problem?
Bring accountability to the city instead of spending more. Nice and realistic comment but not going to happen. Never has when it comes to gov't especially socialistic gov't's where more taxes and spending is central in their beliefs.
The problem in Canada, at least here in Calgary, is that we have terrible governments at all three levels. They are all tax and spend idiots. Businesses are hurting, investment has absolutely left, and we are all concerned about a reporter in Saudi Arabia. You couldn't make this shit up if you tried to.
Gary Poirier -
They don’t call him Spendshi just for fun. Loves to spend your money, never enough pet projects, virtue signalling, etc. for Nenshi and his tax and spend crew. I guess we will have to keep track of the councillors that support the Nenshi way and make sure they get voted out next election. If not, we deserve what we get...
Sadly governments always have a revenue problem but never a spending problem. The provincial and federal governments are terrible at spending more than their revenue. I think it is time to bring accountability to city hall and elect more cost effective representation.