# @cityofcalgary on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CfsM0JkOii1
- **Gondola URL:** https://gondola.cc/posts/13614802-cityofcalgary-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/5f363a38ce.jpg
- **Posted:** 2022-07-07T00:17:15.000+00:00
- **Account Owner:** City of Calgary (@cityofcalgary) — https://gondola.cc/cityofcalgary

## Caption

Today was an important day for building our budget for 2023-2026. Here's a breakdown of what happened at Council today and what it means for you.

To maintain services and progress Council’s strategic direction, Council approved Administration’s recommendation of a projected average annual increase of 3.65 per cent over the next four years in the total amount of tax collected from existing properties. This keeps the estimated property tax increases from existing properties lower than anticipated population growth and inflation. Calgary is growing and changing, and each year there is an increase in the number or size of properties. This development and redevelopment also increases our property tax revenue by an average of 1.35 per cent per year.

Further discussions in the fall will provide additional clarity on the service provided and service and tax impacts to you. This will depend on the final Council-approved tax rate each year and will vary by property type and depend on the assessed value of a home or business, as well as the provincial tax rate. 

Rates for water, wastewater, stormwater, and waste & recycling also remain below projected population growth and inflation. Council approved Administration’s recommendation of: 
• Water Treatment & Supply: 0 per cent per year
• Wastewater Collection & Treatment: 2.5 per cent per year
• Stormwater Management: 0 per cent per year
• Waste & Recycling total cart program fees: Average annual increase of 2.8 per cent
• Waste & Recycling disposal rates and charges: Average annual increase of 0 per cent

Based on this guidance, Administration will develop the proposed 2023-2026 Service Plans and Budgets. They will be deliberated and decided by Council in November 2022, with many opportunities for you to provide input during the summer and fall. 

Read more by visiting the link in our bio. 

📷: adelekealadekoba
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#cityofcalgary #yycnews #calgarynews #yyccc #yyc #yyctoday #yycnow

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yycnow, yyctoday, yyccc, cityofcalgary, yycnews, yyc, calgarynews

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