Council will be discussing 2024s budget and property taxes. This is from the CBC, click here to read the full article.
But if you want to go into the weeds, like Council is going to and see more detailed information on the city’s budget, and plans click here.
‘Proposed adjustments to Calgary’s 2024 budget were publicly released Tuesday — and if all of those changes are accepted by council, homeowners could face a 7.8 per cent property tax increase next year.
Currently, that tax hike sits at nearly 3.4 per cent.
But to meet the needs of a fast-growing city, city administration has recommended additional spending for 2024. It also suggests council take steps to ensure businesses can stay competitive by shifting some of their tax burden to residential accounts.
If all of the measures are approved, it could add $16 a month to the property tax bill next year for owners of a median priced house worth $610,000.
The city says even if the measures are approved, Calgary’s taxes would be increasing below the rate of inflation plus population growth. Over the past two years, Calgary’s population has jumped by 5.1 per cent.
City administration presented its suggestions Tuesday. City council will debate the proposed adjustments to the 2024 budget during the week of Nov. 20.’