The budget adjustment package for 2024 was released publicly today November 7, 2023. The investments put forward are a direct result of listening to Calgarians and asking us, collectively, to invest in a secure and safe future.
In 2023, I championed free transit for youth under 12. Due to overwhelming success and support of Calgarians, transit would like to make this permanent and I’m very supportive of this change. All transit fare increases are also paused in this budget.
The presentation from administration outlines the budget, the factors in the decisions before us, and a breakdown of the recommended tax increase resulting from previously approved direction, tax shift, and new investments (page 27). The presentation also benchmarks the City against other jurisdictions, especially with regards to the tax ratio. In many ways, Calgary is a leader, remaining one of the lowest taxed jurisdictions both provincially and nationally. However, our competitive edge with regards to business property tax is quickly declining. A course correction has been recommended for a second year in a row. It is good policy and governance to use this data to support the shift even knowing the costs to non-residential rate payers.
As always, I encourage you to read through the budget and send in your comments. You may also make a public submission to council or apply to speak.