City releases proposed Operating and Capital budgets

The two budgets can be found online at edmonton.ca/budget. A primer on the budgets is also available online to help citizens understand the complexities of these budgets. 

2015 Operating Budget

The City of Edmonton’s proposed 2015 Operating Budget recommends a 3.8% general property tax increase for all civic operations, boards and commissions. The budget increase also accounts for funding operations of a number of new facilities and enhanced services. An additional 1.5% tax increase is recommended to continue to fund the Neighbourhood Renewal Program.

The proposed municipal property tax increase of 5.3% would mean an increase of $9.17 per month for a total annual property tax bill of $2,184 or $182 per month for the owner of a typical single-family home, valued at $374,500.

“The proposed 2015 Operating Budget allows us to expand services to a population that has grown by 60,000 people in the last two years,” says Rosen. “At the same time, the City has been able to reduce the net operating budget through continued efficiency measures and program improvements. This allows us to avoid service reductions despite being faced with inflationary costs and expansion of services into new infrastructure and new areas of the growing city.”

2015-2018 Capital Budget

The City of Edmonton’s proposed 2015-2018 Capital Budget recommends investment of $4.3 billion on hard infrastructure: new and upgraded libraries, fire stations, and a transit garage; renewal and upgrade of recreation facilities; construction of transportation assets like the Valley LRT line, roads and bridges; and neighbourhood infrastructure like sidewalks and streetscapes.

This new four-year capital budget cycle complements the record levels of spending witnessed over the previous two capital cycles that have put Edmonton on a solid foundation in terms of addressing key growth and renewal priorities.

“The $4.3 billion, 2015-2018 Capital Budget is meeting the commitments that have been made as part of renewing and growing our city,” says Rosen.