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In light of the economic downturn, The City has kept taxes and fees as low as possible while responding to the priorities and needs of Calgarians.
Council reduced the budget through corporate funding sources, operating efficiencies and service reductions.
Below is a breakdown of the $228 Million of benefits to Calgarians.
Download the budget adjustment fact sheet.
Council reduced the 2017 property tax rate increase to 1.5% which will be covered through a rebate to property owners.
Council adjusted some 2017 fees and rates to provide relief. User fees are not going up as much as in the original 2015-2018 budget.
Market changes caused a drop in value for some non-residential properties and a redistribution of taxes. The Phased Tax Program will limit the 2017 tax increase to 5% for some non-residential properties (not including the effect of business tax consolidation or the provincial portion of the tax rate that is announced in the spring).
The City is offsetting a drop in revenue from fees through its reserves and changes in service so this doesn’t affect the tax rate.
Targeted initiatives will benefit Calgarians who have been most affected by the economic downturn.