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By A Smith (anonymous) | Posted February 11, 2011 at 13:07:18
Proline, $150M divided by 525k residents = $285 per Hamilton resident.
Total grants from other levels of government to Hamilton in 2009 = $715
Total grants from other levels of government to Burlington in 2009 (including regional share) = $336 per person.
Therefore, even if the whole $150M was coming from our tax bill and there was no benefit to taxpayers at all, Hamilton residents would still be...
$715 - $285 = $430 net grant - $336 = $94 dollars better off than the residents of Burlington when it comes to getting money from government.
And these numbers are per year, whereas the stadium is a one time expenditure. In fact, comparing the the current level of government grants to Hamilton, it would require the city to completely waste $199.2 Million every year just to equal the level of non funding that Burlington residents receive every year.
Big picture, Santa is still very good to Hamilton taxpayers.
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