Calgary City Council to Review 2026 Budget Proposal Today
Calgary's new city council convenes today at City Hall to formally review the 2026 budget proposal, a critical precursor to the in-depth deliberations slated for two weeks from now. This initial unveiling sets the stage for pivotal financial decisions that will directly influence local infrastructure, essential services, and community projects in the coming years.
The proposed 2026 budget, first previewed in September, allocates approximately $4.6 billion in operating expenditures and $3.6 billion in capital investments, targeting key areas that Calgarians have identified as priorities: housing, public safety, transit, and infrastructure. Specific investments include an estimated $86.6 million for affordable housing initiatives, such as a 260-unit project in Southview and downtown office-to-residential conversions. Public safety is slated to receive around $66 million for downtown initiatives, 9-1-1 operations, and funding for the Calgary Police Service, while transit is proposed for $59 million to enhance service frequency and affordability programs. Infrastructure investments, including for roads, parks, and the Plus 15 network, are also a significant focus, with $1.1 billion already earmarked for water infrastructure and ongoing major projects like the Green Line.
A central point of discussion for Calgarians will be the proposed 3.6 percent overall tax increase for 2026, which translates to an average 5.8 percent residential property tax hike. Newly elected Mayor Jeromy Farkas has publicly stated his intention to explore options to halve this proposed residential property tax increase, reflecting concerns over affordability amidst Calgary's rapid growth.
This budget comes at a time when demand for city services is increasing due to Calgary's expanding population, and local non-profits are reporting significant challenges in meeting community needs, with one in four Calgarians reportedly struggling to meet basic living expenses. City council has scheduled a public hearing on November 24 to gather feedback directly from residents, underscoring the importance of community engagement in shaping Calgary's fiscal future. Calgarians are encouraged to stay informed and participate as these decisions will profoundly impact the city's landscape and quality of life for all.
