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Mayor warns of 'scary' tax hike. y: Q* c0 W- J6 B
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Think your property taxes are high now? You ain't seen nothing yet.
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) B7 R2 Z3 b% r0 X; w0 u& u' yEdmontonians could face a "scary" tax hike of up to 10% next year, Mayor Stephen Mandel said. That would be the highest property tax increase since the 1980s. $ b! P8 c: l7 j" m
: c2 X$ f& V0 ^% p/ n: e! H* TMandel tossed out the figure yesterday following a presentation by administration that outlined the intense economic pressures the city is facing as a result of Alberta's economic boom.
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3 k: A' F) v# j- w" J) C; K- m* U"Looking at this we're talking an 8-10% tax increase," Mandel said in council chambers.
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City manager Al Maurer confirmed that Mandel's prediction was on the money, based on initial cost estimates
& {/ U' S' x4 _$ n5 ?"Given the amount of it, it's going to be scary," the mayor said.
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) e$ P8 b) g8 X+ E* z; S: I" vA hike in that range could cost the average homeowner up to $200 a year. 6 b7 A; s" K) u# Y' Z; i) d2 T. X
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"There's no question costs are going up," said Coun. Michael Phair, who conceded the tax hike "may very well" be in the range predicted by Mandel. - ^. X. `" Q3 \6 k
) K4 q' J" q B# A! ~Coun. Ron Hayter said it's still very early in the process, and he cautioned against getting overly anxious at this point. 2 r1 u5 g3 E. j) {
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The draft budget does not come out until November. a* d; Q/ ?4 \/ Z* `9 I( v: K
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"I'm not looking for a major increase next year, at least not too much more than we've already approved for this year," Hayter said. 0 d4 X% V2 j) C+ j7 Z
9 D# x# c5 I, O2 ?3 m: a/ t"It won't be as bad as some people are making it out."
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Maurer said income from investments and various financial strategies could offset a large hike. & ~$ m6 c- F1 v! N8 w# B- j, c
+ j, O- ?- z$ i/ f1 z: D. ~However, he said there aren't really any city programs that could be cut in order to save a few bucks.
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"We've certainly got more demands," Maurer said, noting council still has to find money to fund an improved snow-clearing program. , b- ?+ E1 I' T6 } D% V; v( V
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Scott Hennig, with the Canadian Taxpayers Federation, said there's no excuse for a double-digit tax increase.
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( f" Z' E2 h9 v7 fHe said hikes should be limited to inflation, which is pegged at 5% both this year and next, according to the city.
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. U/ K( W3 j- c, n"They're going to hear from a lot of angry taxpayers if they're looking at 10%," Hennig said.
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: g- P# v- f& D. a0 M"I don't know what some of these members of council are going to be able to say to some pensioner who got a 2% hike in their pension." + y9 S! Y6 Y' w* t
& v: @7 ~* N6 p; [. z7 D! }The average property tax bill in Edmonton will go up 4.95% this year, the city has said. 7 D" a6 s' E, ]% M
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The tax on homes will go up higher than average - about 7%. The figures include both municipal tax and the provincial education tax, which the city collects.
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, E7 B: v0 h* t6 ?. eTax bills will be mailed May 25 and payments are due June 30. |
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