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Mayor warns of 'scary' tax hike! E: {0 y/ j4 V3 z8 G
5 l( J( P2 R3 hThink your property taxes are high now? You ain't seen nothing yet. 8 p' `+ |$ t7 r' E% L8 K" Y
6 h, }5 P+ X$ v! o7 T: eEdmontonians 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.
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6 @) N. T: r- t! n9 O1 mMandel 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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2 f$ m6 ?9 b3 r M& E"Looking at this we're talking an 8-10% tax increase," Mandel said in council chambers. 1 I! ~$ J7 h9 A1 T
* U4 z! w' s; \, h3 X8 d. t1 qCity manager Al Maurer confirmed that Mandel's prediction was on the money, based on initial cost estimates$ B* o& Q9 ]* _
"Given the amount of it, it's going to be scary," the mayor said. 8 q7 Y7 P1 _! H5 Y* v: b& \- _
/ i- P. w8 m* }A hike in that range could cost the average homeowner up to $200 a year. & G- E* v+ e& s- \
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"There's no question costs are going up," said Coun. Michael Phair, who conceded the tax hike "may very well" be in the range predicted by Mandel.
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Coun. Ron Hayter said it's still very early in the process, and he cautioned against getting overly anxious at this point. : h/ c; M3 g$ ]6 K
/ S. r8 @$ [$ c4 V) mThe draft budget does not come out until November. " k+ S" R3 W$ p3 r/ W
* W! d& h- |# N: C! A* K; S"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.
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' t- V) S: T, G( T) w Q* P"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. g* P1 b M2 a7 N/ f
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However, he said there aren't really any city programs that could be cut in order to save a few bucks. 2 p$ P7 j! C1 O% q2 ^
k2 P3 e1 p9 C) _"We've certainly got more demands," Maurer said, noting council still has to find money to fund an improved snow-clearing program.
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' w/ x, x% T' ?& ?, T1 uScott Hennig, with the Canadian Taxpayers Federation, said there's no excuse for a double-digit tax increase.
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4 o+ Q' p2 g3 z. T/ KHe said hikes should be limited to inflation, which is pegged at 5% both this year and next, according to the city. ) X8 H5 P1 |# N6 u. y% t
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"They're going to hear from a lot of angry taxpayers if they're looking at 10%," Hennig said.
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6 S, C" H+ N8 e( E5 v' @4 ["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."
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The average property tax bill in Edmonton will go up 4.95% this year, the city has said. ) v9 X% m: M% C9 d! j: k) D+ k% e9 l
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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. 1 u$ ^; O4 p; ?! \$ I
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Tax bills will be mailed May 25 and payments are due June 30. |
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