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Special Meeting of Council Jun. 10, 2019

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The June 10, 2019, Special Meeting of Council included: 

Immediate Tax Relief for Calgary Businesses

The decrease in the market value of a small number of high valued downtown properties has resulted in the redistribution of property taxes to other non-residential properties. Council approved the 2019 Municipal Non-Residential Phased Tax Program (PTP) to mitigate the increase in non-residential property taxes due to the effect of the tax redistribution of 2019 property assessments. Council directed Administration to permanently reduce operating costs in 2019 by $60 million and immediately apply the savings to the 2019 PTP to help Calgary businesses. The impact of these reductions will be brought back to Council no later than July 31, 2019 for approval. The proposed reductions may include, but are not limited to, reductions or elimination of programs, services, staffing positions and voluntary wage roll-backs. These permanent reductions will be used to reduce the tax burden on non-residential properties in the future. The 2019 PTP will result in a minimum 10 per cent reduction in the municipal portion of non-residential property taxes caused by the redistribution of 2019 property assessments, (not including the effect of Business Tax Consolidation (BTC)). It is estimated that property owners of approximately 11,900 non-residential properties will benefit from the 2019 Municipal Phased Tax Program (PTP). It is anticipated the positive economic benefit will be shared with business tenants within the non-residential properties. The 2019 PTP is a separate, one-time program and not an extension of the 2018 Municipal Non-Residential Phased Tax Program (2018 PTP). This means it uses the same eligibility parameters as the 2018 PTP and is calculated using the 2018 municipal non-residential property tax before the 2018 PTP credit was applied. 

Council News in Brief is an informal summary of highlights from Calgary City Council meetings. The City Clerk provides the complete and formal documentation of Council’s meetings including agendas, minutes and video.​​​​​​