City faces funding shortfall as Calgary continues to party
Special events like festivals parades runs and community parties in Calgary have become so popular the city says it can barely afford to subsidize them — but it still wants to. A report made to city council on September 16 says the number of Calgary festivals and events rose 12 per cent between 2011 and 2012. The city provided financial support to 195 of them — triple the number of events subsidized three years ago.
Now administration predicts a funding shortfall of $200000 for its Festival and Events Subsidy Program for 2013. The latest budget allotted $1.5 million for the program but the department of Community and Protective Services says the budget should be changed to cover the shortfall if partying is to continue at the present rate.