Calgary·Breaking
Next year’s property tax increase will now need to be bumped up to 4.5 per cent due to Calgary’s ongoing population growth, city officials said Monday.
The proposed tax increase is nearly 1 percentage point higher than what council has already approved for 2025
Next year’s property tax increase will now need to be bumped up to 4.5 per cent due to Calgary’s ongoing population growth, city officials said Monday.
City administration presented council with mid-cycle adjustments to the budget at a strategy planning session.
The proposed tax increase is nearly one percentage point higher than what council has already approved for 2025.
The city is also proposing to raise water rates as well as waste and recycling rates.
What isn’t known yet is how the costs of winding down the Green Line LRT project will affect the budget. That may become a bit clearer on Tuesday when council receives a report on those costs from the Green Line board.
Council will debate the budget changes in November.
More to come.
With files from Scott Dippel