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Let Calgarians decide fate of $6.5M in reserve funds: McIver - Metro US

Let Calgarians decide fate of $6.5M in reserve funds: McIver

A city alderman would like to see Calgarians choose where a possible excess of $6.5 million will go if it’s decided up to four reserve funds are no longer needed.

An extensive audit of 55 city reserve funds will be debated this week by the finance committee but the initial audit committee report found four reserves may no longer be needed.

Ward 12 Ald. Ric McIver said while he would like to see the money go towards more snow removal equipment, he also believes it should be up to Calgary taxpayers to decide where the money lands.

“The important thing to remember is this is not our money; it’s taxpayer’s money, and there should be some sort of public consultation on where it is spent,” he said.

But audit committee chair and Ward 11 alderman Brian Pincott says some of the funds may have restrictions on where they can be used.

“And this is one-time money. It wouldn’t make sense to put the funds into ongoing projects because this is a one-time thing,” he said.

“Personally, I would like to see the money go towards community improvement projects that can enhance public space.”

Calgarian Amy Witham-Strand said she would like to see the money used for other city needs.

“I think things like snow removal, parks and recreation could all benefit from some extra money,” she said.

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