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Mayor warns of 'scary' tax hike- Z& D2 [, E. _1 j+ r8 J. k$ i
" z' I) g% n7 e9 ~/ E( u6 KThink your property taxes are high now? You ain't seen nothing yet.
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4 L4 ?# N9 F. q( j z" U+ oEdmontonians 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. # v2 J/ M- K1 X
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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. 3 a) |( T0 c3 G" D
! p7 @ P# v" `& z A; j0 _"Looking at this we're talking an 8-10% tax increase," Mandel said in council chambers. ! P6 l2 C+ [7 P- {' q Y+ G
4 w8 P+ M# \7 K1 O7 @$ nCity manager Al Maurer confirmed that Mandel's prediction was on the money, based on initial cost estimates
! e2 d* ?; T+ f$ _. w, D5 L7 }9 s"Given the amount of it, it's going to be scary," the mayor said. 0 z- W6 Y( V9 D0 E( I( ?
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A hike in that range could cost the average homeowner up to $200 a year. & \1 J4 z; z) V% t, r5 c
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"There's no question costs are going up," said Coun. Michael Phair, who conceded the tax hike "may very well" be in the range predicted by Mandel. 2 @- o. s, `2 e; D, P
0 T4 w; K8 S; y' k% lCoun. Ron Hayter said it's still very early in the process, and he cautioned against getting overly anxious at this point.
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The draft budget does not come out until November. 1 U' V7 l1 c# S+ d
8 ]3 c1 Z. b" z, j"I'm not looking for a major increase next year, at least not too much more than we've already approved for this year," Hayter said.
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+ P) z- N& a. d. ^; ["It won't be as bad as some people are making it out."
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Maurer said income from investments and various financial strategies could offset a large hike.
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However, he said there aren't really any city programs that could be cut in order to save a few bucks. " L* G% D a, P
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"We've certainly got more demands," Maurer said, noting council still has to find money to fund an improved snow-clearing program. 1 P9 t; u$ y- O4 F" u
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Scott Hennig, with the Canadian Taxpayers Federation, said there's no excuse for a double-digit tax increase. 2 s' X( f) c8 F5 k9 j! R
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He said hikes should be limited to inflation, which is pegged at 5% both this year and next, according to the city. 2 V. I p( @2 W5 H
" M: q9 ^4 b5 [/ S"They're going to hear from a lot of angry taxpayers if they're looking at 10%," Hennig said. & P9 ? `4 G4 x! F# b
8 S3 L, P* F: ]; i8 Z% T"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." 5 S. U0 D1 f) u9 Q+ l! {: T
9 J9 @; Y: Q! t, tThe average property tax bill in Edmonton will go up 4.95% this year, the city has said.
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( t' i9 P# i/ q7 m& _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. , z4 B: e# K: k" g3 v
& Q8 U' F9 `0 e' TTax bills will be mailed May 25 and payments are due June 30. |
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