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Alternative approval process: The common but convoluted way local governments raise millions of dollars

'Generally people don't understand what the AAP is,' but politicians defend its value

CBC NewsJustin McElroy

In the Capital Regional District, voters are currently being asked to approve $85 million for affordable housing.

In Nanaimo, they're being asked to approve $49 million for a new public works facility.

In both cases, they're not being done through a referendum, but through a complex funding model that can sometimes be efficient for local and regional governments, and sometimes cause political heartache. 

"I think generally people don't understand what the alternative approval process is," said Col…

Continued...

Read the full story on the CBC website

Alternative approval process: The common but convoluted way local governments raise millions of dollars

SOURCE www.cbc.ca

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https://nanaimo.lokol.me/s/alternative-approval-process-the-common-but-convoluted-way-local-governments-raise-millions-of-dollars-36226-9212454
CBC NewsJustin McElroy, Posted: Feb 01, 2024 10:00 AM EST | Last Updated: 37 minutes ago
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