Planned 5.3% Tax Increase To Your Edmonton Home In 2015
Taxes aren’t the most pleasant of expenses to pay, but then again, in its essence, it’s necessary to keep things going especially in a prestigious place like Edmonton.
Last 31 October, CBC News published an article entitled “City admin says tax increase needed for growing population”. This apparently was not received well, with one reader commenting, “City council should get rid of the suits and go to their job in jeans and a T shirt for a while… Maybe it would help them come back to reality…”
According to the report, the 5.3% tax increase is for one, due to the rapidly growing population of the city. As of last Friday, the city administrators have released details of the 2015 proposed operating and capital budgets. This would mean an added $9.17/ month or $182 / year for a total of $2,184 to the ordinary Edmonton home.
Lorna Rosen, Edmonton’s Chief Financial Officer wrote in a release that “The proposed 2013 Operating Budget allows us to expand services to a population that has grown by 60,000 people in the last two years,”
Of the $2.3B operating budget, 15% would go to police services, 14% to the transit sector while the third largest expense would be towards parks and community services.
A small fraction of the billion dollar budget would be spent towards infrastructure projects.
“Council will hold a public hearing on the budget Nov 24. Councillors will then begin deliberations, where they will finalize the budget, on Nov. 26” the report said.
View complete report here.
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