Alberta announces 'historic' revenue-sharing deal with Calgary, Edmonton - News Summed Up

Alberta announces 'historic' revenue-sharing deal with Calgary, Edmonton


Bill 32, introduced Thursday by Municipal Affairs Minister Shaye Anderson, also legislates a set amount of transit funding for Edmonton and Calgary after current commitments end in 2026-27. In 2022-23, the two cities would share will share $500 million, with $211 million going to Edmonton and $289 million to Calgary. If the provincial government earns more revenue in a year, Edmonton and Calgary can expect increases to their funding three years later. One-third is allocated respectively to the Edmonton and Calgary Metropolitan boards, with the last portion split among the rest of the province. Edmonton and Calgary city councils will be required to hold public hearings on these matters.


Source: CBC News November 29, 2018 22:03 UTC



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