Calgary city budget approved with 1.64% property tax increase
AI Article Summary
Calgary city council has approved a 1.64% increase in property taxes for both residential and non-residential properties after extensive budget deliberations. Initially, a higher tax increase had been proposed for 2026, but the final decision was made after eight days of discussion. The decision took place on December 3, marking one of the longest budget deliberations in recent times.
What This Means for Canadian Contractors
For Canadian builders, this means a modest increase in property taxes in Calgary, which might influence budget planning and cost evaluations for upcoming projects. It highlights the importance of staying informed about local government policy changes, as they can affect project timelines and financial forecasts. Builders should consider these changes in their long-term planning, particularly if they are involved in projects that extend beyond 2026.
