Cameron Development Corporation reposted this
Let’s Talk Taxes 2025! In April 2024, City Council approved an 8.9 percent increase in municipal taxes, the highest increase in more than a decade, and everyone – businesses, owners, City Councillors, and Administration alike, seemed disappointed. Nonetheless, headlines in August 2024 indicate that we could see an 8.8 to 13 per cent increase in 2025 as the city faces a current $88 million shortfall. So, what’s going on and can we do? Budget cuts, getting back to core services, leveraging dollars from other governments, and other revenue streams are being discussed as strategies to mitigate another tax increase. BOMA Edmonton and NAIOP Edmonton are pleased to present a session for building owners and others interested in digging deeper into taxation and assessment in Edmonton in 2025. First, an animated group of panelists will delve into what’s working, what isn’t working, and how to move forward. Second, all luncheon attendees are invited to have their say on what they think the City should cut and prioritize in the upcoming budget. You’ll leave better informed and with a sense of what’s being done and can be done to improve balance, fairness, and transparency when it comes to our tax bills as building owners and tenants. You’ll also help shape our feedback to the City in this upcoming budget cycle. Register now: https://lnkd.in/g-DwhC4Q
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