Edmonton taxpayers facing 7% tax increase as City Hall maintains services

News release from the City of Edmonton

City releases fall budget adjustments

The City released its fall budget adjustment reports today, recommending updates to respond to increased costs and reduced revenues in order to deliver on 2023-2026 budget commitments. A 7.09 per cent tax increase is needed in 2024 in order to maintain services, which is 2.13 per cent above what was originally approved by City Council when it set the four-year budget in December 2022.

It will cost an additional $41.2 million to maintain services in 2024. The City’s financial pressures include a higher than forecast arbitrated salary settlement and significantly higher energy costs, as well as lower than forecast revenues from transit fares and ATCO Gas franchise fees. These budget pressures are expected to continue for the rest of the budget cycle. The City has already experienced most of these pressures this year, leading to the first budget deficit in many years.

“We are continuing to deliver 70 services that Edmontonians rely on every day, and more than 200 construction projects to serve them now and into the future,” said Stacey Padbury, Chief Financial Officer and Deputy City Manager. “We have limited resources, and we know that many Edmontonians are also stretched thin. We are only recommending budget adjustments that are necessary to maintain our services and deliver critical capital projects.”

The 2023-2026 budget provides for increased affordable housing, increased transit service, increased snow and ice control, energy transition and climate adaptation initiatives, as well as major construction projects like the Valley Line West LRT, the Lewis Farms Rec Centre, the rehabilitation of the High Level Bridge and Hawrelak Park, and the Yellowhead freeway conversion. The City adjusts its multi-year budget each fall and spring to account for anything significant that has happened since the budget was set.

In 2020-2022, Council lowered planned tax increases as the City supported Edmontonians through the pandemic. There was no tax increase in 2021 and the tax increase in 2022 was the lowest among major Canadian municipalities.

“These low taxes were necessary, but they aren’t sustainable, especially in the current environment with high prices and significant population growth,” said Padbury. “It’s costing the City more to deliver the same services all while experiencing a growing demand for those services. We can’t continue to absorb the financial impacts we’re facing without adjusting taxes or our service levels, and it will likely take both strategies to ensure we don’t create long-term financial sustainability issues.”

The recommended tax increase would mean that Edmonton households would pay about $750 dollars for every 100,000 dollars of their assessed home value in 2024. That’s $49 more than in 2023. This is an early estimate that will be refined as the City advances through the annual budget, assessment and taxation process. The annual tax increase will affect individual property owners differently, depending on how their property’s assessed value shifts relative to the market. Property owners will learn about their 2024 assessment in January, and will receive their 2024 tax notice in May.

The fall budget adjustment also includes recommendations for the 2023-2026 capital budget. The City is recommending an $88.9 million increase to the capital budget, mainly for affordable housing and critical renewal projects. This increase is less than one per cent of the approved $10.3 billion capital budget.

The City also released its first annual update to the carbon budget. It’s a tool to support Council’s decision-making as they adjust the capital and operating budgets. It also tracks progress on the City’s energy transition goals.

The City is actively working to reduce carbon emissions. The 2023-2026 budget includes more than $376 million dollars in services and construction that support our energy transition goals. The carbon budget update makes it clear just how much more needs to be done, together with the community and other orders of government, to meet our goals of being carbon neutral as a corporation by 2040 and as a community by 2050. Without further action, our updated forecasts show that we’ll deplete both our corporate and community carbon budgets one year earlier than anticipated. This is not the result of any budget decisions made by Council, but rather community impacts as activities return to pre-pandemic levels.

The fall budget adjustment reports will be presented to City Council for discussion and deliberation on November 7, 2023, along with the first annual update to the carbon budget. Council will discuss and finalize any budget adjustments during the last two weeks of November. Edmontonians can view the City’s recommended adjustments and learn more about the process at edmonton.ca/budget.

Todayville Edmonton

www.todayville.com/edmonton/

Alberta-owned independent media company. We specialize in local, regional, and national news and information. We promote events, businesses, organizations in the Edmonton region. Contact us at [email protected].

Follow Author

Master agreement approved for event park and Village at ICE District

Alberta / 10 months ago

Appointment of Archbishop Smith as the next Archbishop of Vancouver

Alberta / 1 year ago

Police seize more than 66 kg of illicit drugs in interprovincial trafficking investigation

Alberta

Master agreement approved for event park and Village at ICE District

Published on August 27, 2025

Todayville Edmonton

News release from the City of Edmonton

City Council has approved the Master Agreement between the City of Edmonton and the Oilers Entertainment Group (OEG) to develop the Public Event Park and the Village at ICE District. Along with the Government of Alberta and the OEG, the City is working to accelerate the development of more housing, new public infrastructure and economic opportunities in the city’s downtown area. In addition to creating new development in the ICE District, the signing of the agreement enables the City to access provincial funding to demolish the Coliseum and continue to progress work on Exhibition Lands.

The total cost of all projects is $408.2 million, which will be shared among all three partners and will deliver:

A new indoor/outdoor Public Event Park in the ICE District
A 2,500 unit community in the Village at ICE District
Demolition of the Coliseum and work to advance the early stages of the Exhibition Lands development

“This type of investment in downtown helps answer the call of downtown vibrancy and could have a cascade effect to stimulate further investment,” said Edmonton City Manager Eddie Robar. “We thank all our team members that had a part in getting this agreement negotiated and in place, as it was a lot of work and represents a huge step forward.”

The event park, estimated at $250 million, will increase downtown vibrancy with events that bring people downtown including low-to-no-cost events for the community as part of the Public Benefits Agreement. It will also generate positive publicity and enhance Edmonton’s reputation as a world-renowned destination, while adding to the local economy.

The preliminary work for the Village at ICE District, estimated at $68.2 million, will expedite the development of 2,500 new housing units and stimulate an estimated $1 billion in private sector investment. It will also lead to the creation of a new downtown park and enhance public streetscaping, including wider sidewalks and pedestrian crossings.

The Coliseum Demolition and Improvement Project, estimated at $90 million, includes $55 million from the provincial government and $35 million from the City of Edmonton. This project will fund the demolition of the Coliseum and the construction of public infrastructure in Exhibition Lands to help create a unique, centrally-located infill urban community that is well-connected to downtown and other areas of the city in the coming decades.

“These catalytic investments are going to set off the next round of transformational growth and development in our downtown, and these projects demonstrate the impact of real partnership for economic development,” said Puneeta McBryan, CEO of the Downtown Business Association. “It is encouraging for the Edmonton business community to see the Government of Alberta and City of Edmonton working together to take our downtown economy to the next level, coupled with the proven success and significant investment from their partners at Oilers Entertainment Group. We’re so excited to see all of this come to life.”

The City will use revenues from the Capital City Downtown Community Revitalization Levy (CRL) to fund its portion of the Event Park and site servicing for ICE District projects. It will also leverage land development revenues already earmarked in the capital budget for the Coliseum demolition to fund other important early work in the Exhibition Lands development.

Council’s approval of the master agreement and associated capital profiles allows the City to execute the agreement with the OEG, which paves the way for all three projects to progress. The master agreement also ensures that grant agreements between the City and the Province must be executed, confirming the provincial funding contributions for all projects.

For more information:

edmonton.ca/eventparkagreement

Alberta

Province forms Edmonton Public Safety Cabinet Committee in response to homeless encampment crisis

Published on January 12, 2024

Government of Alberta

Edmonton encampments: Deputy Premier Ellis

Deputy Premier Mike Ellis issued the below statement in response to Edmonton Mayor Amarjeet Sohi’s announcement of his intention to declare an emergency:

“In November, Premier Danielle Smith ordered that an emergency cabinet committee be created and convened in response to the issue of crime and gang-related activity within encampments across the City of Edmonton.

“Alberta’s government cares deeply about vulnerable Edmontonians and we will always ensure that anyone who wants shelter and supportive services will receive it. However, we will not stand by and watch as vulnerable Albertans and the general public continue to be extorted, taken advantage of and killed by gangsters and deadly drugs.

“The Edmonton Public Safety Cabinet Committee (EPSCC) is comprised of ministers from departments that oversee operations and/or administer programs that promote public safety and support the transition of Edmonton-based encampment residents into safe, secure and appropriate arrangements.

“The cabinet committee membership includes:

Danielle Smith, Premier (chair)
Mickey Amery, Minister of Justice
Mike Ellis, Minister of Public Safety and Emergency Services
Adriana LaGrange, Minister of Health
Ric McIver, Minister of Municipal Affairs
Jason Nixon, Minister of Seniors, Community and Social Services
Searle Turton, Minister of Children and Family Services
Dan Williams, Minister of Mental Health and Addiction
Rick Wilson, Minister of Indigenous Relations

“Also sworn into the committee are:

Cody Thomas, Grand Chief, Confederacy of Treaty Six First Nations
Dale McPhee, Chief, Edmonton Police Service

“This committee has met continuously since its initial meeting on Nov. 29, 2023, to plan a joint response. Our government is working on an action plan alongside Alberta Health Services, Edmonton Police Service, the Confederacy of Treaty Six First Nations and several departments from the City of Edmonton, including Edmonton Fire Rescue Services.

“Our government will continue to respond to these issues following the expected court decision on Jan. 16, no matter the outcome. We will have a more detailed statement regarding this response once the court decision is made.”

Additional quotes

“It is dangerous for the mayor and others to continue to suggest that vulnerable Albertans do not have anywhere to turn. This is false and will lead to more folks choosing not to seek out shelter because they fear they’ll be turned away. I have said before and will continue to say: there is safe space in shelters around the city and nobody will be turned away. We have more than enough room for every homeless person in the city of Edmonton to have a warm, safe place to stay. It is completely inappropriate and dangerous for the mayor, or anyone, to suggest Edmonton is out of capacity in our social services sector or our emergency shelter systems. Anyone needing shelter space will be kept care of.”

Jason Nixon, Minister of Seniors, Community and Social Services

“I have been working and will continue to work diligently alongside the provincial government, in the spirit of reconciliation, for months on the serious action that is needed to get all people off the streets, including First Nations people. Encampments are not a safe place and letting people overdose and freeze in the cold is not reconciliation.”

Cody Thomas, Grand Chief, Confederacy of Treaty Six First Nations