Calgarians Should Expect a 5% Tax Increase

Jordan Allatt


Analytical Reporter


The property owners of Calgary will be facing about a five percent increase on their taxes, a percent lower then what was projected, says Mayor Bronconnier. City council will be debating the budget later in the month. The council must increase taxes to account for a 44 million dollar projected revenue shortfall in the 2010 budget. A 5 percent increase would add about $48 a year to a home owner’s bill, while the originally projected 6.1 percent increase would add roughly $69 yearly. This $44 million revenue gap is being covered by reducing all of the cities departments (except police) budget by 1.7%, and not filling jobs vacated due to the recession. The debates on the cities budget are scheduled to begin on the 23rd of this month. This information is taken from a Calgary Herald article which can be found in full bellow......

http://www.calgaryherald.com/news/Calgary+property+hike+pegged/2200482/story.html
And you can find the cities budget updates right hear, all month long