Photo by davebloggs007
We all know that credit card fees are costly to small businesses, but did you know they’re also costly to cash-strapped municipalities? Alberta may be Canada’s economic engine, but municipalities there, just like in have-not provinces like Ontario and Quebec, find themselves struggling to balance the books.
Municipalities face a unique dilemma – unlike the federal and provincial governments which can run deficits during tough times, municipalities must have balanced budgets. If there’s a budget shortfall the money has to come from somewhere – either spending cuts, or increases in property taxes, road tolls and other user fees.
