Comment 78025

By Stout (anonymous) | Posted June 06, 2012 at 07:56:30

Hamilton is drowning in red ink. The city's 2012 debt has been projected at $742 million, climbing to $910 million in fiscal year 2013.

Hamilton currently has a AA credit rating, while neighbours/peers such as Halton, Peel, Waterloo and London all have AAA ratings.

Hamilton is also staring at a $2 billion infrastructure deficit.

If the City barely has enough money to allow a partial pedestrianization of the south face of Gore Park (the pilot budget was promised, then pulled, then restored after BIA protest... the City had previously had planned to defer the entire project entirely until after the 2015 Pan Am Games on similar gounds), how long do you think it will take them to bankroll the esplanade described so vividly above? And what sort of tax levy will ride shotgun?

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