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

The City of Calgary is proposing a decrease to the property tax rate for 2021 while cutting its budget by more than $90 million dollars, as it deals with the impact of an ongoing economic downturn and COVID-19. 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. “We believe this budget supports citizens during this prolonged downturn and with COVID-19,” said Carla Male, Chief F