An Eyebrow Raising Graph on City of Edmonton Spending

We’ve been sounding the alarm bell on property taxes for awhile now, so we were very glad to see a number of business associations formalize an advocacy group to encourage City Hall to put a freeze on municipal spending.

The group, known as Prosperity Edmonton, has gathered data from different levels of government to show how Edmonton municipal spending has increased 100% since 2011, whereas inflation and population growth has increased only 50% over that same time frame.

The following video does an effective job of illustrating just how much further city spending has risen over inflation and population growth:

The campaign has been getting media attention, particularly as reports have surfaced recently that the City will already have a $14 million deficit for 2018.

Here is a copy of the graph referenced in the video with the corresponding data:

Prosperity Edmonton also highlights a report commissioned by the Altus Group, with the following conclusion:

Within the Capital Region, the City of Edmonton has exhibited the highest non-residential mill rate, municipal taxes per capita, and non-residential tax bias. In addition, the overall tax demand in the City has far outpaced the population growth and inflation.

The City of Edmonton will be debating a four year budget cycle this fall.  Following a pattern of municipal spending that has exceeded both population growth and inflation, Prosperity Edmonton is asking the City to freeze any spending increases for the next year.

How can you help?

1. Join Prosperity Edmonton‘s mailing list so you can be informed of news and steps being taken;
2. Contact your City Councillor and tell them that the spending and corresponding increases in taxes is creating a problem.
3. Share the message with fellow Edmontonians and on social media.  Help bring awareness to this issue so City Hall can set the upcoming budget without having to put further strain on tax payers.

 

 

Notes:

The information from Prosperity Edmonton has been obtained from the following sources:

• Trajectories shown in the video source from: Altus report and confirmed by research completed by the Chamber of Commerce.
• 2006-2016 population numbers source from: federal census data and City of Edmonton
• 2006 – 2016 – inflation numbers source from: stat Canada
• Tax supporting data source from: Altus Report, City of Edmonton and Chamber of Commerce.

 

Our Team

CHAD GRIFFITHS

CHAD GRIFFITHS

Partner

Chad is a partner with NAI Commercial and has finished as a top 15 producer Canada-wide for the past three years. Chad owes his success largely to his commitment to uncompromising client representation, his active involvement in the real estate and business communities and a lifelong pursuit of continuous learning.

RYAN BROWN

RYAN BROWN

Partner

Ryan is a partner with NAI Commercial Real Estate in Edmonton. He is currently ranked nationally as one of NAI’s top advisors in Canada. Having completed his Bachelor of Commerce majoring in Finance, his eye for detail and great understanding of the numbers associated with any business decision makes him an asset to his clients while providing them the highest level of service.

DARCIE BOUTEILLER

DARCIE BOUTEILLER

Associate

Darcie began her career in Commercial Real Estate after completing her studies in Business Administration. Her personable nature coupled with a results-driven attitude is a perfect match for customers. Darcie understands the importance of delivering a custom, accountable solution for her clients.

Recent Posts

A Massive Pipeline Project That Could Be a True Game Changer
Articles

A Massive Pipeline Project That Could Be a True Game Changer

Calvin Helin is a name you will want to remember. Helin is the son of a hereditary chief and the...
Read More
Businesses in Edmonton Are Asking For A Break in Property Taxes
Articles

Businesses in Edmonton Are Asking For A Break in Property Taxes

Joe Rustom, chef and owner of Parkallen Restaurant, said the current business climate in Edmonton is making it difficult for...
Read More
An Eyebrow Raising Graph on City of Edmonton Spending
Articles

An Eyebrow Raising Graph on City of Edmonton Spending

We've been sounding the alarm bell on property taxes for awhile now, so we were very glad to see a...
Read More

About Us

EdmontonCommercial.com offers expert analysis and research in a weekly blog along with resources for landlords, tenants, sellers and buyers in the market. Seeking to buy or lease? We track every property available for sale and for lease in Greater Edmonton. Get the latest news and check the latest listings—anytime.

Leave a Reply

Your email address will not be published. Required fields are marked *