What the Calgary budget proposed property tax increases look like until 2030
The City of Calgary has released its proposed budget for the next four years, and it’s packing a serious punch for property tax increases.
The proposed 2027–2030 Budget, which was released Tuesday morning, was a hefty one, outlining the services and projects it hopes to tackle over the coming years.
To help pay for those plans, the four-year-long budget brings together the operating, one-time and capital funding required to support services and infrastructure over the cycle. The proposed budget requires a 15 per cent increase in tax revenue in 2027, then sitting at 10 per cent in 2028, 7.7 per cent in 2029 and six per cent in 2030.
In 2027, for a typical single residential property, the estimated bill impact is an additional $37 per month for municipal property tax and $16 per month for water, waste, and recycling, for a combined increase of about $53 per month. Individual impacts will vary based on property assessment and service use.
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“Calgarians have been clear that they want a safer city, reliable services and infrastructure that keeps up with our growth,” Mayor Jeromy Farkas said in a news release.
“They also want us to respect how hard they’re working to make ends meet. This proposed budget is the starting point, not the final word. Council has some tough decisions ahead.”
You can read more about the proposed 2027-2030 Calgary Budget online.
You can have your say on the budget process. Starting today, Calgarians can submit written comments or register to speak at Council as part of the public submissions process. Public submissions begin Monday, Nov. 23, giving Calgarians another opportunity to provide input directly to Council before final decisions are made.
Council will begin deliberations on the proposed 2027–2030 Budget the week of Monday, Nov. 23, with final approval following debate.
Do you support these proposed property tax increases in the newly released Calgary budget? Let us know in the comments.