Despite Calgary only receiving a single mention in the more than 400-page document, there’s cautious optimism at city hall and amongst stakeholders regarding Prime Minister Mark Carney’s first federal budget.

Carney’s federal Liberal government tabled its first budget on Tuesday , which projects a deficit of around $78.3 billion this year with $141.4 billion in new spending, partially offset by more than $51 billion in savings and cuts over the next half-decade.

Calgary’s sole mention in the document is on a chart that shows unemployment rates across the country’s major cities.

However, at a press conference late Tuesday afternoon, Calgary Mayor Jeromy Farkas said he feels the spending plan makes “funding municipalities a priority.”

“We approach today’s budget with cautious optimis

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