2023 Edmonton budget deficit projected at $34 million, driven by inflation, fuel costs, staffing shortages, and infrastructure expenses.

Edmonton is facing a projected $34 million budget deficit for 2023, up from $28 million, driven by inflation, fuel costs, staffing shortages, and infrastructure expenses. The city is nearing its debt limit, which could hinder future major projects. Mayor Amarjeet Sohi advocates for prioritizing maintenance and core services over new developments. A potential 13% property tax increase looms for 2025 as the council considers budget adjustments and operational changes.

September 11, 2024
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