[Newsbot]

Title: Toronto Pan Am Games $342M over budget
Category: Provincial Politics
Posted By: OnTheIce
Date: 2016-06-08 11:34:13
Canadian

[shockedcanadian]

What a surprise, all the officials received their bonuses for being under budget...that cost another $5M in freebies for nothing.

Some people in Ontario simply can't be trusted with doing proper math.

[Lemmy]

What was the dollar-value benefit of the event? Without that number, the rest of the discussion is meaningless.

[Freakinoldguy]

Pffft, a mere drop in the bucket of blood that is Ontario's debt and yes given that the overrun was minuscule compared to the other boondoggles I can see why they gave out bonuses.

Next time they should hire the much more pliable BC auditors who did the 2010 Olympics so they'd have posted a surplus.

[OnTheIce]

Lemmy Lemmy:

What was the dollar-value benefit of the event? Without that number, the rest of the discussion is meaningless.

Yes and no.

When you bonus people 5 million for staying on-budget, this is a question that needs to be asked regardless of the dollar-value benefit.

If bonuses were tied to budget numbers and those numbers weren't met or were changed multiple times during the course of the project.

[shockedcanadian]

OnTheIce OnTheIce:

Lemmy Lemmy:

What was the dollar-value benefit of the event? Without that number, the rest of the discussion is meaningless.

Yes and no.

When you bonus people 5 million for staying on-budget, this is a question that needs to be asked regardless of the dollar-value benefit.

If bonuses were tied to budget numbers and those numbers weren't met or were changed multiple times during the course of the project.

That's just fraud, in a long list of fraudulent activities of a government that doesn't need to be honest or diligent.

Look at Canadian expectations, "hey, don't worry, the crooks in B.C who ran the Olympics did the same thing!"

We should feel so happy and blessed that this latest round of theft only involved $350M...

[BeaverFever]

$1:

When you bonus people 5 million for staying on-budget, t

It doesn't say the bonus was for being on-budget. It's for overall performance, which would include, for example, ensuring the venues are built on time, events are carried out as planned, etc.

[OnTheIce]

BeaverFever BeaverFever:

It doesn't say the bonus was for being on-budget. It's for overall performance, which would include, for example, ensuring the venues are built on time, events are carried out as planned, etc.

You need to understand exactly what's happening here because you're 100% incorrect.

There were a variety of bonuses. There was no "overall performance" bonus.

There was a "completion" bonus that you got if you finished your job and stayed through the contract.

There was a seperate bonus for meeting budget targets. This is why you don't bonus people until AFTER you have the final numbers.

This is the second time the AG has pointed out financial mis-steps of the Liberals and the second time they've said she's wrong.

[BeaverFever]

$1:

There was a seperate bonus for meeting budget targets. This is why you don't bonus people until AFTER you have the final numbers.

If it said that somewhere, I must've missed it.