Carbon Tax Concerning For City and School District
LETHBRIDGE – Carbon tax seems to be the buzz word on the lips of politicians and school board trustees across the city.
Mayor Chris Spearman addressed local media Friday afternoon and stated that while he was happy for funds allocated to infrastructure, education and affordable housing, there will be upcoming challenges imposed from the newly proposed carbon tax to take effect January 1, 2017.
“There could be an unbudgeted cost of several hundred thousand dollars that we will have to pay and we will not have any form of subsidy for under the present regulation,” he said.
The Mayor assured that the city remains in good financial standing and will look to use utilities to offset the cost of the carbon tax.