http://www.cbc.ca/news/canada/calgar...bate-1.2846460
I thought we weren't paying for that library and it was completely funded by East Village future revenues? Weird.The big headline is this: 4.7 per cent property tax hike in each of the next four years. Some say that's only $75 a year more tax for the average-priced house. But the reality if this budget passes is that you'll pay much more. First, your 2014 property tax bill came with a $100 credit for that average-priced house. This credit came courtesy of a one-time credit of $52 million. That credit won't be on your 2015 tax bill so your $75 tax increase just became a $175 jump in property taxes. Now, about your utility bill ... that's approximately $100 more a year under this budget. So now, average homeowner, you're looking at $275 more in 2015 if this budget is approved.
It adds up after 4 years.Some projects have been in the works and others are actually new: three new interchanges, four-car LRT trains, a new central library, 10 more police officers, two new city parkades downtown and two creaky inner-city bridges (zoo and Inglewood) will be replaced. There will also be four new recreation centres, a green cart program for your compost, new fire stations and 500 new full-time equivalent jobs at the City of Calgary to meet the needs of a growing population.
http://www.cbc.ca/news/canada/calgar...ikes-1.2846883
By the end of the four-year cycle, the owner of an average-priced Calgary house would be sending an additional $920 per year to city hall.