In this article, Ross covers key topics relating to monetary issues in St. Albert.
Administration has advanced the proposition that St. Albert has a potential $16,000,000 on going annual shortfall for the Repair, Maintenance, and Rebuilding budget (RMR). Based on this issue, administration has been proposing St. Albert look for alternative revenue sources. The Solar Farm and Municipal Energy Corporation (MEC) are two sources of alternative revenue. Administration wants to borrow up to $33,000,000 for the Solar Farm and up to $100,000,000 for the MEC. There has been minimal transparency regarding the ability of these two entities to generate revenue. Administration is asking the taxpayers of St. Albert to take all the risk with no guarantees of return on their money.
I believe that we should look in more detail at the preposition that a revenue shortfall exists. Evidence indicates that St. Albert does not have a revenue shortfall but rather we have a substantial spending problem. Below are numerous examples of why I believe we need to look more closely at how our tax dollars are being spent and hold Administration accountable for their actions.
So do we have a revenue problem or a spending problem? You be the judge.
In order to regain transparency and accountability and to identify excessive spending on these types of projects, I propose to form a Transportation Committee that will oversee all transportation projects. All projects will require approval from the Committee including design and budgeting. Changes to any designs will not be allowed unless approved by the Transportation Committee. The Committee will consult with the residents for input and review of all major projects.