Article
23 November 2022
Calgary city councillors are moving into the next phase of reviewing the City of Calgary's proposed four-year budget. VCC's Meaghon Reid discussed how some investments to help the most vulnerable can save the City money in the long run.
"The more investments we make in affordable housing, for example, that saves on city services like police, fire, and shelter space," she said.
View the segment below.
Poverty Costs: An Economic Case for a Preventative Poverty Reduction Strategy in Alberta found that perpetuating poverty resulted in an annual expenditure of $7.1 to $9.5 billion dollars.
Attribution
Budget 2024 provides large investments in housing, but no immediate relief for struggling Canadians
Long-term affordability for renters and an increase in non-market housing is an important step in poverty reduction.
Budget 2024 provides large investments in housing and recovery supports and keeps pace on other poverty reducing priorities
