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Thursday, October 13, 2011

Put money back: City’s in cash crisis

We’re a no-go for Games velo; Council’s spending cap not enough (Oct. 12)

Now that Hamilton city council has not been awarded the velodrome project for the 2015 Pan Am Games, I can only hope the $5 million set aside for the project will be returned to the Future Fund from whence it came.

Ditto for any cash as a result of selling toxic west harbour lands on the open market, as $10 million was expended buying out homeowners, thereby forcing them to move. In hindsight, this was a big mistake, given the facts of today.

Meanwhile our deficit going into 2012 is $35 million and the accumulated debt will double to $600 million by the end of the year. Hamilton has an elephant in the room nobody on council will admit exists. We have a spending problem.

Mark-Alan Whittle, Hamilton

1 comment:

Anonymous said...

The Hammer could use a few new gazebos to spruce up it's border security.

Am I right am I right?