Calgary's Strong Operating Surpluses
This is a Calgary news story, published by calgaryherald, that relates primarily to Les Tochor news.
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average operating surpluscalgaryherald
•Business
Business & Economics
Councillors briefed on why city's recent operating surpluses have been so high
77% Informative
Calgary has posted nine -figure annual surpluses in recent years , thanks to higher-than-expected investment income.
Chief financial officer Les Tochor presented a review of the city’s year-over-year positive operating variances to the executive committee Tuesday .
The city has posted an average operating surplus of $158 million over the past 10 years .
The operating surplus in 2024 was $276.3 million , while this year 's is projected to be around $100 million .
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