2018 Budget Adjustments
By Diane Colley-Urquhart on December 4 2017
With Budget Deliberations in our rear-view, we have provided key information regarding how your taxes will be allocated. It was not easy. Some difficult decisions had to be made as we faced a significant budget gap in 2018 of $170 million. The gap was the result of one-time measures to balance the 2017 budget, reduced revenues in a number of areas and a need to bring our budget in line with a more modest growth forecast for Calgary while still maintaining the opportunity for investment.
Here is a high-level summary of Council’s decisions following several days of deliberations:
- Municipal tax rate increase of 0.9 per cent. Combined with the carry-forward of 2.9 per cent tax rate increase that was rebated in 2017, taxpayers will see an average 3.8 per cent increase on the municipal portion of their 2018 property tax bill. This equates to approximately $5.70 per month for the average homeowner.
- Closure of the $170 million operating budget gap through a combination of cost savings and service reductions based on the least harm approach.
- 55 new members and body-worn cameras for the Calgary Police Service.
- $4 million in one-time funding from reserves to continue funding the low income transit pass for Calgarians in need.
- $3 million in one-time funding from reserves for safe communities, youth and low income programs, and crime prevention.
- Dedication of $23.7 million in 2017 tax room to fund Green Line financing costs until 2044.
- Approval of $1.7 billion capital investment in Calgary infrastructure and related jobs.
With Council’s decision, I believe we are well positioned to move forward with our service-based plans and budgets for the 2019-2022 business cycle. In fact, members of Council will spend Monday outlining their priorities and shaping their direction to Administration for the four-year term.
If you have any questions or comments, I welcome you to contact the Ward 13 Office.
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