Saturday, December 12, 2009

14.6 Million Dollars to be Given to the Calgary Zoo, Pending Approval From the City

Jordan Allatt

Analytical Reporter


The Calgary zoo is planning to continue construction of an Antarctic exhibit, just as soon as it receives $14.46 million from the city. The city approved a $30 million grant back in 2005, but has withheld almost half of the sum, since then and the zoo is hoping the city council will turn over the cash so they can begin the project in January. The project will cost an estimated $24.5 million dollars, and will house Antarctica’s most beloved citizens: penguins. The city hopes that with construction of the new facility, tourism will increase as people flock from all over to view the flightless birds. Read the full Calgary Sun article bellow, and check back in mid-December to see if the city gives the go ahead on this project.


http://www.calgarysun.com/news/alberta/2009/12/01/11990071-sun.html

24 Million Dollars to Pay for Artificial Turf

Jordan Allatt

Analytical Reporter


4.5 million dollars will be going towards putting artificial turf on local sports fields in Calgary. During this weeks budget debates, the city council voted to use money raised from the sale of the cities EMS equipment to the province of Alberta, to fund the conversion. The sale should account entirely for meeting the 4.5 million dollar quota, and therefore the artificial turf will not affect the purposed tax increase (sitting right now at 4.8%). What has had an impact on next year’s budget deficit is the cities spending of 3 million dollars earlier this year to replace the grass at Shouldice Park with artificial turf. This is mentioned at the end of the article bellow:


http://www.calgaryherald.com/Calgary+city+council+finds+million+artificial+turf/22569

And information on the park can be found in greater detail hear:

http://content.calgary.ca/CCA/City+Hall/Business+Units/Recreation/Locate+by+Facility/Athletic+Parks/NW+Athletic+Parks/Shouldice+Artificial+Turf+Fields.htm

Calgarians Should Expect a 5% Tax Increase

Jordan Allatt


Analytical Reporter


The property owners of Calgary will be facing about a five percent increase on their taxes, a percent lower then what was projected, says Mayor Bronconnier. City council will be debating the budget later in the month. The council must increase taxes to account for a 44 million dollar projected revenue shortfall in the 2010 budget. A 5 percent increase would add about $48 a year to a home owner’s bill, while the originally projected 6.1 percent increase would add roughly $69 yearly. This $44 million revenue gap is being covered by reducing all of the cities departments (except police) budget by 1.7%, and not filling jobs vacated due to the recession. The debates on the cities budget are scheduled to begin on the 23rd of this month. This information is taken from a Calgary Herald article which can be found in full bellow......

http://www.calgaryherald.com/news/Calgary+property+hike+pegged/2200482/story.html
And you can find the cities budget updates right hear, all month long