The adjustments to Calgary's four-year budget were made public Tuesday, and will be debated by city council during budget talks later this month.
Adjustments to Calgary’s four-year budget are expected to come with an overall property tax increase of 5.7 per cent this year, but a looming decision on the city’s tax ratio could mean significant changes to your bill.
City administration is recommending a proposal to shift the tax share between businesses and homeowners by one per cent annually over the next three years. Businesses assessed around $5.2 million would see a property tax increase of just 3.5 per cent, or an average increase of $277 per month.City administration is also recommending council approve a list of 30 investment items in this budget adjustment that includes new spending to build more affordable housing, implement the City of Calgary’s housing strategy, improve transit and community safety, and make improvements to the city’s pathway and road infrastructure.
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