How federal parties’ promises to cut development fees could impact Calgary

The article discusses potential impacts on Calgary's municipal finances if federal parties proceed with their promises to reduce development fees. Last year, the city generated $240 million from these fees, which would be equivalent to imposing a 10% increase in property taxes to recuperate the loss if cuts are made. The reduction in development fees is part of larger policy discussions at the federal level that could significantly affect Calgary's development and property taxation landscape.