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Mayor warns of 'scary' tax hike) i$ l* I& ^$ Q; w) t! ] I
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Think your property taxes are high now? You ain't seen nothing yet.
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Edmontonians 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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Mandel 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. / k: u2 ?( C7 j" d; C& L( h
. p; ~% f2 |' v5 a$ o% [# i"Looking at this we're talking an 8-10% tax increase," Mandel said in council chambers. ( N9 G( w! p" C! I0 p8 q
1 }, F/ N7 ^9 V. vCity manager Al Maurer confirmed that Mandel's prediction was on the money, based on initial cost estimates
# I3 M- B! c5 L* L/ ?7 q7 M- B"Given the amount of it, it's going to be scary," the mayor said.
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A hike in that range could cost the average homeowner up to $200 a year.
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"There's no question costs are going up," said Coun. Michael Phair, who conceded the tax hike "may very well" be in the range predicted by Mandel. * L6 y1 w8 a; q) U
5 @5 s6 `7 f. E& R# yCoun. Ron Hayter said it's still very early in the process, and he cautioned against getting overly anxious at this point.
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/ @( J" I* C9 Z6 {' k: PThe draft budget does not come out until November. : N1 w% l+ V7 K1 ~9 I0 y
0 {- X. ^0 k! C& _+ F d"I'm not looking for a major increase next year, at least not too much more than we've already approved for this year," Hayter said.
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"It won't be as bad as some people are making it out." 2 C/ B5 r( d2 W, y) f
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Maurer said income from investments and various financial strategies could offset a large hike. 9 _0 k; M4 V. t! F
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However, he said there aren't really any city programs that could be cut in order to save a few bucks.
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"We've certainly got more demands," Maurer said, noting council still has to find money to fund an improved snow-clearing program. 1 R( O- G$ A1 h5 t5 S
- \, [' O- G6 w4 S- v9 zScott Hennig, with the Canadian Taxpayers Federation, said there's no excuse for a double-digit tax increase.
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. m" M' u) U \* l6 `+ EHe 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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% ?; D& L3 l* T) W' t"They're going to hear from a lot of angry taxpayers if they're looking at 10%," Hennig said. ; s% K8 |+ _5 d
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"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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# j* p+ H# X9 L+ N R9 hThe average property tax bill in Edmonton will go up 4.95% this year, the city has said. ~: l1 H; m# @/ m% G' G
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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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Tax bills will be mailed May 25 and payments are due June 30. |
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