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Contrary to the oft heard complaint that public debt is a liability for taxpayers’ grandchildren, virtually all of Calgary’s debt has defined sources of payback. Some is being borne on water bills today and for the next couple decades. Other parts will be paid off through suburban developer levies, and nearly $1 billion of the current burden should be eliminated when the province comes through with all the Municipal Sustainability Initiative grants it promised under former premier Ed Stelmach..

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