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Back  |  July 04, 2019  | 

​The drastic decrease in market value of a small number of high-valued downtown properties has resulted in the redistribution of property taxes to other, non-residential properties. In turn, this created a double-digit property tax hike for businesses. Council addressed this crisis by providing immediate tax relief for Calgary businesses.

On Monday June 10th, Council approved to mitigate the increase in non-residential property taxes. Council directed Administration to permanently reduce operating costs by $60 million and immediately apply the savings to help Calgary businesses. $70 M that was put aside for one-time relief will be combined with the $60 M of cuts, to total $130M in relief.

The proposed reductions may include, but are not limited to, reductions or elimination of programs, services and 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. This 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. More details of the cuts will be presented in the July council meeting.

My guiding principles to determine which $60 M in cuts would cause the least harm to services was passed by Council. To view my 13 guiding principles for Administration, scroll to the image below.

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Categories: Budget; City Finances; City Finances Blog; Councillor; Councillor’s initiatives


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.​