The City of Calgary is taking action to support Calgary’s economy, keep Calgarians working, and reduce the cost of local government. Under Council direction, Administration has achieved significant savings and has provided notable benefits to Calgarians through the intentional management of The City’s financial position under the Leadership Strategic Plan: Contract with Council (LSP) and the Performance Management System.
Since 2015, Administration has achieved $325 million in savings through efficiencies and reductions. Through these savings, Administration provided Calgarians with
an additional $228 million in benefits in 2017 under the direction of Council. These benefits include a lower 2017 tax rate, a property tax rebate, the Municipal Non-Residential Phased Tax Program, user fee freezes and reductions, reduced utility rates, and other targeted initiatives.
We are intentionally saving through:
- Cost Containment: controlling the expenses required to operate our organization.
- Cost Savings: a cost (expense) that is already incurred or being paid at a lower cost than expected.
- Cost Efficiencies: producing optimum results for municipal investment or expenditure and creating value.
- Cost Reduction: the tangible bottom line reduction of an expense.
Where did The City find $325 million in cost savings?
Total savings, reductions and efficiencies (operating) - 2015-2017