๐Edmonton city council unanimously approved an 8.9% property tax increase on Tuesday evening. This increase equates to roughly $66 for every $100,000 in assessed property value. The additional tax revenue will fund expanded services, including the new metro line to NAIT, increased bus service, and an enhanced response to homelessness. Originally proposed at 6.6% in the fall and discussed at 8.7% in April, the final increase addresses lower-than-expected revenues, higher labour costs, and increased population growth. The tax levy contributes over half of Edmonton's operating budget, with a bylaw to set the new rate expected next week and tax notices mailed on May 23.โ . ๐๐๐ฏ๐ข๐ ๐๐ญ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ ๐๐๐๐จ๐ซ๐ญ๐ฅ๐๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฆ๐๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐๐๐ข๐๐๐ญ๐๐ ๐๐๐ ๐๐๐๐ฅ๐ญ๐จ๐ซ. ๐๐๐ฅ๐ฅ: +๐ (๐๐๐) ๐๐๐-๐๐๐๐ ๐๐ฆ๐๐ข๐ฅ: ๐ค๐๐ฆ๐๐ฅ@๐ญ๐ก๐๐๐๐ง๐๐๐ข๐๐ง๐ก๐จ๐ฆ๐.๐๐จ๐ฆ @kamalpillai_realtor . . #Edmonton #PropertyTax #CityCouncil #BudgetIncrease #PublicServices #TaxHike #LocalGovernment #mnm #malayalisnearmeapp #canadaupdate #canadanews
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