Alberta mountain towns facing steep tax hikes abpoli
Banff’s city administration has proposed a 10.2 per cent increase in this year’s municipal budget, while those living in Canmore could see a 12.3 per cent jump. Meanwhile, their urban neighbour Calgary recently approved a smaller 4.4 per cent property tax increase over the next year followed by 3.3 per cent increases in the rest of the budget cycle.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.
“Those uncontrollable third-party expenses relate to a 5.8 per cent increase to our taxes, the cost of living adjustments for employees due to inflation, that represented a 4.2 per cent increase to our taxes,” said Krausert. “Then higher interest rates amount to 1.07 per cent increase, all of that added together is over 13-and-a-half percent.”Article content
DiManno said the silver lining is that the town is bouncing back from COVID-19 as tourism continues to rebound and they are able to welcome more guests. She said they anticipate they will be in a healthier financial position moving forward.Article content
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