Calgary Mayor Dave Bronconnier appeared on CBC-TV's News at Six Tuesday night. (CBC)

Calgary Mayor Dave Bronconnier said there's "lots to like" about Tuesday's federal budget that cuts taxes and boosts infrastructure to help stimulate the economy.

"It's never enough when you look at Calgary's growth in the last decade, but it does a lot," he told CBC News on Tuesday afternoon.

"There's lots to like about it. The devil's still in the details."

While Calgary did not receive anything close to the $3.9 billion Bronconnier requested for city infrastructure projects, the mayor was particularly pleased with a change in how municipalities can access funding.

The federal government is promising $4 billion over the next two years for projects beginning construction in the 2009 and 2010 building seasons.

A matching program means the federal government would provide 50 per cent of funding for infrastructure, if municipal and provincial governments come up with the other 50 per cent.

"That means that in Calgary's case, it's probably somewhere around $120 [million] to $140 million, which times two, of course, is about $250 [million] to $280 million and … that could build you a couple of bridges, some interchanges, maybe even buy you some LRT cars," Bronconnier said.

"It will create jobs. We'll invest in areas that are a priority."

Budget better than expected: finance minister

Alberta Finance Minister Iris Evans was also content with the spending priorities.

"When you have infrastructure funding and transportation funding, that puts people to work, and here in Alberta we've got some roads that can use that and definitely that's a help," she said in Edmonton.

Bronconnier said Calgary will get $20 million from the total $500 million allocated for recreational facilities.

"Clearly this was a stimulus budget which means municipal, provincial and federal governments will all have to work towards building 21st century infrastructure, and we'll have to be on the same page," said the mayor.

Public safety was the only sector Bronconnier was disappointed about because there was no funding set aside for policing and additional gang enforcement.

Evans said the overall budget was better than what many people were expecting, but wants to see more details about federal money earmarked for carbon capture and storage technology.