Calgary city council votes to shift portion of tax burden from businesses to homeowners
CBC
Calgary homeowners will face a 7.8 per cent municipal property tax increase next year following budget deliberations at Calgary city council Wednesday.
Previous budget discussions resulted in a 3.4 per cent property tax increase for 2024. But following adjustments, that figure was increased to generate funding for 28 projects.
In addition to those projects, council voted to shift the tax burden from businesses to homeowners by one percentage point in 2024.
Calgary Mayor Jyoti Gondek said the business community has faced an unfair proportion of the budget burden in the past.
"This council is ready to keep going to make sure that the proportional share is done properly. We are one of the worst cities in this country in terms of charging businesses almost five times more than we charge homeowners," she said.
More to come....