Quote:
Originally Posted by Colin May
The interest costs would be reduced by a third to $17.5 million a year
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Not down by a third, but down to a third of your $52.5M estimate above. That substantial difference is what I was talking about.
Federal government funding follows all sorts of different formulas. Some transfers are based on need, sometimes money's apportioned by provincial population, and sometimes it's granted to projects deemed most worthwhile. There isn't a guarantee that every province or municipality receives the same overall funding per capita and that isn't how it works out. I don't know about the last couple of years, but for a while Halifax was dead last in terms of per capita federal and provincial infrastructure funding in Canadian metropolitan areas. One or two ambitious building projects qualifying for something like Economic Action Plan funding would have changed that significantly.