A citizens' guide to understanding Winnipeg's city budgets

The EOC is calling for the elimination of the business tax and proposes to pay for the cut with reductions in service, cuts in pay, increased transfer from other levels of government and a transfer of We are still benefiting from control of public assets to the private sector. [...] Part 4 examines the key recommendations In the words of the American jurist Oliver of the Economic Opportunity Commission Wendell Holmes, taxes are the price we pay (EOC) as they relate to the Operating and for civilization. [...] It defines the Operating Budget, the Capital Budget, and explains 3 1. Key Concepts The Operating Budget The Capital Budget As its name suggests, the Operating The Capital Budget is reserved for the Budget deals with the cost of running the funding of costly purchases or projects that City on an annual basis. [...] The capital budget includes the amount needed to acquire or construct each of the works proposed in the 4 A Citizens’ Guide to Understanding Winnipeg’s City Budgets budget and the anticipated sources of the The relationship between the Capital amount needed for each of those works. [...] Balancing the Operating Budget By provincial law, the Council must ensure that the estimated expenditures in the Operating Budget do not exceed the estimated revenues for the year.