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Managing City finances

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Managing your money wisely

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Managing your money wisely

Keeping the cost of municipal government low

Calgary has been in tough spots before with the downturns in the 80’s, 90’s, 2009 and 2015 through to today. We’ve weathered the boom and bust cycle by spending wisely and reinvesting in our city.​

Since 2014, when the economy started to slow The City has adjusted how it has spent municipal property tax revenue. In fact, tax-supported operating expenditures were reduced below inflation and population growth during these years – an indicator that the municipality is living within its means.​​​​​​​​​​​​​​​​​​​

11.5% City tax supported spending growth and 19.8% inflation and population growth

Ensuring value for your money, and supporting the local economy​

​The City is taking action to support Calgary’s economy and reduce the cost of local government. We’re committed to monitoring spending and continuously exploring potential savings with initiatives including the Zero-Based Review Program.

​To keep Calgary’s property tax rate among the low​est in Canada, we’ve found over $600 million in cost savings and efficiencies in 2015-2018.  Intentional Management - $614 million in savings, effieciences and reductions​
We achieved approximately $143 million in savings and efficiencies in 2019​.
  • $40 million in efficiencies that were included in the One Calgary budgets
  • $60 million in 2019 operating costs as directed by Council on June 10, 2019.
  • $16.5 million in an additional commitments for 2019 that Council approved during the original One Calgary service plans and budgets
  • $26.5 million in savings from the 2020 Adjustments
​Invested a total of $8.8 billion in roads, bridges and other critical infrastructure since the downturn began in 2014 to create jobs and move Calgary’s economic recovery forward.
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