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:
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.
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.
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 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 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.
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