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Edmonton faces a $52.3M budget gap, risking reserve depletion by 2028–2029 without reform.
Edmonton faces a $52.3 million budget shortfall as its Financial Stabilization Reserve drops to $78.4 million, down from a target of $142.9 million to $250 million.
Persistent factors like inflation, population growth, rising policing costs, e-commerce’s impact on local businesses, and reduced federal and provincial funding have strained revenues.
The reserve has been tapped four times in 17 years and could be depleted by 2028 or 2029 without changes.
The city may cut services, raise user fees, or use one-time funds to address the gap, while regional communities using Edmonton’s transit, stadiums, and cultural facilities without contributing to costs add pressure.
Officials stress the need for long-term financial reforms.
Edmonton se enfrenta a una brecha presupuestaria de 52,3 millones de dólares, arriesgándose a agotar las reservas para 2028–2029 sin reformas.