City councillors in Edmonton are working to cut back the proposed 8.1 percent property tax increase for 2025, originally suggested by city administrators. The councillors are addressing financial challenges that emerged since the four-year budget was established in 2022, impacting the sustainability of the current budget.
RELATED VIDEO : The work has begun to determine how much Edmonton residents will pay in property tax es in 2025.City councillors began the week by trying to reduce the 8.1 per cent property tax increase for next year that had been proposed to council by city administrators earlier this fall.In a news release issued on Oct.
“We are delivering services beyond what the current budget can support and that’s not sustainable. Like many Edmontonians who continue to deal with high costs, we have to make some tough choices about what money we have coming in and what we’re spending it on.”City administrators have noted that Edmonton’s quickly-growing population, coupled with inflation, has made it increasingly expensive to provide the services that the city currently does.
Edmonton Property Tax 2025 Budget City Council Financial Challenges
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