Property taxes could go up 3.6 per cent
Any lower would a ect front-line services: O cials
Property taxes are likely to go up more than last year, but less than predicted.
The City of Edmonton’s administration released its 2018 supplemental operating budget adjustment Thursday, which proposes a property tax increase of 3.6 per cent.
That’s higher than last year’s 2.8 per cent increase, but lower than the 4.8 per cent jump administration projected in the spring.
City manager Linda Cochrane said it’s the lowest the city can go without affecting front-line services.
“There’s still growth in the city, there’s still lots of activity and lots of expectations from citizens around the services that they have. We think we’ve done everything we can to offer the lowest possible tax increase,” Cochrane said.
Officials say it would work out to an $85 increase for the average single-family dwelling.
City council still needs to debate the budget, so the number could change. Of the proposed increase, 1.4 per cent would fund neighbourhood renewal, ending 10 years of increases to complete the program.
Another 1.1 per cent would go toward maintaining and adding new services, 1 per cent to police, 0.8 per cent to growth in infrastructure and services, and 0.6 per cent for the Valley Line LRT.