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20.2% property tax increase required if Calgary funds all 2027 budget requests
CA🏛️ PoliticsCenter18 hr. ago

20.2% property tax increase required if Calgary funds all 2027 budget requests

Global News reports that preliminary budget documents reveal Calgary city council faces potential significant property tax increases to meet funding requests. The documents suggest a 20.2% tax hike in 2027 could be needed to cover an additional $510 million in operating costs, with smaller increases planned for subsequent years. The city currently has $139 million in unused funding capacity without raising taxes. Council members reviewed over 107 funding requests from departments like transit, fire, and police, though many may be cut due to limited resources. Mayor Jeromy Farkas emphasized that final decisions will focus on essential infrastructure and long-term savings, while noting it's too early to determine exact tax rates.

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Global News logoGlobal NewsIndependentCenter18 hr. ago
20.2% property tax increase required if Calgary funds all 2027 budget requests

Global News reports that preliminary budget documents reveal Calgary city council faces potential significant property tax increases to meet funding requests. The documents suggest a 20.2% tax hike in 2027 could be needed to cover an additional $510 million in operating costs, with smaller increases planned for subsequent years. The city currently has $139 million in unused funding capacity without raising taxes. Council members reviewed over 107 funding requests from departments like transit, fire, and police, though many may be cut due to limited resources. Mayor Jeromy Farkas emphasized that final decisions will focus on essential infrastructure and long-term savings, while noting it's too early to determine exact tax rates.

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