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Mayor warns of 'scary' tax hike# I( q' d/ k! [+ a# Q
( ?) `1 G. n7 }6 y8 P0 {# ]& R7 \Think your property taxes are high now? You ain't seen nothing yet. 1 K' N! X# x% `3 O/ s+ b f
3 F0 M: `) P9 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. . }( D% m* F* [1 `. H4 L
8 R, e& U" X6 O5 R8 O1 ~( 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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7 J1 g3 ^5 G, ]% q. }"Looking at this we're talking an 8-10% tax increase," Mandel said in council chambers. 9 L; e8 f8 O' e1 T2 e/ u
8 ]( D7 k* S8 c5 F4 T3 ^2 tCity manager Al Maurer confirmed that Mandel's prediction was on the money, based on initial cost estimates
* W7 s; J9 ]+ c' |"Given the amount of it, it's going to be scary," the mayor said. , h X! O$ t" U) r% `; \' t
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A hike in that range could cost the average homeowner up to $200 a year.
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"There's no question costs are going up," said Coun. Michael Phair, who conceded the tax hike "may very well" be in the range predicted by Mandel. , Y& a, y e& k N( U6 C
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Coun. Ron Hayter said it's still very early in the process, and he cautioned against getting overly anxious at this point. 1 W4 ^0 Y2 N3 f' K. M1 t# w0 n
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The draft budget does not come out until November.
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"I'm not looking for a major increase next year, at least not too much more than we've already approved for this year," Hayter said.
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6 U) t [" _4 f1 p* m"It won't be as bad as some people are making it out." . T; J$ b% H6 k, X
/ k$ t4 ~* m, ~/ `; mMaurer said income from investments and various financial strategies could offset a large hike. / D$ m$ D0 Q) T& w* o
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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. * u) U2 W( z* b! K: x, g& Z5 i
6 l" Q( k" T h6 l$ b1 f; E"We've certainly got more demands," Maurer said, noting council still has to find money to fund an improved snow-clearing program. * P* I) Q# [. N9 w, N( b2 \
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Scott Hennig, with the Canadian Taxpayers Federation, said there's no excuse for a double-digit tax increase. 2 G! L$ d8 q- Z
4 a S+ D) v0 Q7 d: S9 P( qHe 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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"They're going to hear from a lot of angry taxpayers if they're looking at 10%," Hennig said. ) @+ Z$ L0 _9 p( B0 W4 e7 `
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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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' r& O0 y" ~8 j i3 c' kThe average property tax bill in Edmonton will go up 4.95% this year, the city has said. % E( \5 q3 H+ ]. j$ v/ f7 E+ q
* E6 K7 b! j& s% r/ t. ] H% y9 mThe 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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+ q3 X7 O4 b1 v: }Tax bills will be mailed May 25 and payments are due June 30. |
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