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2017 City Financial, Budget, and Tax Update

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Ward 6 official website
March 6, 2017
228-million-benefits
In January, I asked Administration for a more detailed breakdown of the opportunities that the City was able to find in order to create $228 million in benefits. Across the board, 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. Here is a summary of what your City is doing for you during the downturn:
73m Tax Relief
$73m - Tax relief
Council reduced the 2017 property tax rate increase to 1.5% which will be covered through a one-time rebate to property owners. This was a unanimous vote in a June 2016 council meeting, where it was decided to dip into the Fiscal Stability Reserve to carry out the freeze.
 
 
66m-fee-relief
$66m - Fee relief
Council adjusted some 2017 fees and rates to provide relief, amending what was originally planned in the 2015-2018 budget, including zero-to-minimal increases to Calgary Transit fares, recreation facilities, park sites, and waste management. To help ease the introduction of one of our new programs, there will be no fees for the remainder of 2017 for the Green cart composing program.
For more information, visit: http://www.calgary.ca/CA/fs/Pages/Plans-Budgets-and-Financial-Reports/User-Fees-and-Rates.aspx
 
45m-non-residental-phased-tax
$45m - Non-Residential Phased Tax Program
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).
 
 
35m-offsetting-revenue
$35m - Offsetting revenue shortfall
The City also offset a drop in revenue from fees through it’s by adjusting its services to the point where it would not affect the tax rate. This included small tweaks that added up to a big difference, including reduced hours, and ending our annual Christmas tree pick-up program.
 
 
9m-community-support
$9m - Community support
Targeted initiatives will benefit Calgarians who have been most affected by the economic downturn, including community and social programs, Affordable housing, and community events and festivals that are simultaneously returning and growing (eg. Globalfest, Beakerhead), while facing our current downturn.
 
For more information, visit calgary.ca/ourfinances
 
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This content represents the personal views and opinions of the Ward Councillor and should not be taken as a statement of policy of The City of Calgary. The inclusion of any external content does not imply endorsement by The City of Calgary.

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