Calgary hiking property taxes by 7.5% for 2020, braces for higher hike in 2021
https://calgaryherald.com/news/local-ne ... se-in-2020
council approved a strategy to use one-time funding of $24 million to buy the city time to find further budget reductions over the next two years.
The proposal from councillors Jyoti Gondek and Diane Colley-Urquhart requires that the city find $24 million in savings in 2021 with the help of an outside consultant, and a further $50 million in cuts in 2022.
If the bid to find savings fails, council will be forced to hike taxes even more in 2021.