The city of Calgary’s mid year financial report shows a $20 million reduction in spending so far this year.
The Priorities and Finance Committee heard Tuesday that savings in roads and snow and ice control provided $7.5 million in savings. There are also savings in corporate programs such as rebates from WCB and less spending on employee benefits.
City manager Jeff Fielding cautioned council that it’s not known if the bottom has been hit with the economic downturn.
An area of concern is Calgary Transit, as ridership is down 6.5% with fewer people buying adult monthly bus passes. To offset that, only two-thirds of service hour increases are being brought in.