Edmonton Budget Proposes Tax Hikes

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Edmonton city council

edmontonjournal

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Keith Gerein: Edmonton's painful pre-election budget, tax hike likely to test council's divisions

Summary

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69% Informative

Edmonton is proposing an 8.1 per cent tax hike for 2025 , which would increase the typical homeowner’s bill about $62 for every $100,000 of their assessed value.

Edmonton has posted annual deficits in the past but they were rare and small, a few million at most.

In 2023 , the city finished $40.1 million in the red, followed by another projected shortfall of $34.4 million this year .

Council held an extensive discussion on this fiscal gap last month .

Multi-pronged strategy is in the works to boost revenue, become more cost efficient, and better prioritize infrastructure dollars.

It's going to take years , require help from other orders of government and cause pain to Edmontonians in the meantime.

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informal

Language

English