City surplus just got a little smaller

The city's $147 million surplus shrank by about a third, city administrators revealed Tuesday. Last week, Chief Financial Officer Carla Mae told council it had $147 million in surplus funds. That big reveal set off a series of suggestions about what to do with the money, ranging from improving public transit to returning it to the pockets of Calgary taxpayers to Rae suggesting the cash be kept in the city's reserve fund. This week brought a new twist: administration told councillors the surplus