City eyes $90M budget cut, 1.66% property tax rate decrease proposed for 2021

The City of Calgary is proposing a decrease to the property taxe rate for 2021, while cutting its budget by more than $90 million dollars as it deals with the impact of an ongoing recession and COVID-19. Carla Male, the City of Calgary’s chief financial officer, presented the mid-cycle adjustments to the One Calgary Service Plans and Budgets report Monday to council. Mid-cycle adjustments are a regular part of the City’s budget cycle. Proposed adjustments include $26 million identifi