Calgary funds city projects from reserves, avoiding higher property taxes beyond a 3.6% increase.

Calgary City Council approved funding for various projects, including road improvements and police facilities, using reserve funds instead of raising property taxes. The city will maintain a 3.6% property tax increase, aiming to address affordability for residents. However, using reserves for these projects may lead to potential tax hikes in the future as funds diminish.

November 22, 2024
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