Get you up to speed: Calgary’s mayor says ‘fiscal discipline’ will guide council through tough budget decisions
Calgary mayor Jeromy Farkas acknowledged the city’s $50 billion infrastructure deficit will not be resolved in one budget or council term. He emphasised the need for the council to address the issue gradually.
Calgary’s infrastructure deficit currently stands at $50 billion, indicating a substantial financial challenge for the city. Mayor Jeromy Farkas emphasised that addressing this deficit will require ongoing efforts beyond a single budget cycle or council term.
Calgary Mayor Jeromy Farkas emphasised the importance of addressing the city’s $50 billion infrastructure deficit, stating that it “won’t disappear” in one budget or council term. He indicated that the council must take incremental steps to manage this issue moving forward.
What remains unclear — It is not specified how much of the infrastructure deficit council plans to address in the upcoming budget.
Calgary mayor emphasises fiscal discipline for budget decisions amid deficits
Calgary mayor Jeromy Farkas said the city’s $50 billion infrastructure deficit “won’t dissapear” in a single budget or council term, but noted council must chip away at it.