Calgary Council Tackles 2026 Budget: Tax Cuts and Growth in Focus
Calgary Council Tackles 2026 Budget Deliberations
Calgary City Council, under the leadership of Mayor Jeromy Farkas, is currently deep into critical 2026 budget deliberations throughout November 2025. This pivotal process will shape the city's financial landscape, scrutinizing a proposed $4.6 billion operating and $3.6 billion capital investment plan. At the core of these discussions is the new administration's firm commitment to significantly cut the projected 3.6% overall property tax increase, especially the steeper 5.8% hike initially proposed for residential properties.
Easing the Burden on Homeowners
A key focus for Council is alleviating the financial pressure on Calgarians. The current budget discussions include exploring options to reverse the tax share shift between residential and non-residential properties, a measure specifically aimed at reducing the burden on homeowners. Without intervention, a residential property tax increase combined with proposed utility fee hikes could add approximately $18.40 per month for the owner of a typical single-family home. These adjustments are crucial as residents continue to navigate economic pressures.
Investing in a Growing City
Beyond tax rates, the 2026 budget allocates vital funds to support Calgary's rapid expansion, with the population projected to reach two million in the near future. Significant investments are earmarked for critical areas such as affordable housing initiatives, enhancing downtown safety, and improving transit infrastructure. These strategic allocations are designed to ensure the city’s services and amenities keep pace with its demographic growth, supporting a high quality of life for all residents.
Strategic Planning for Long-Term Sustainability
The extensive budget process is rigorously guided by the City's Long Range Financial Plan (2021-2032), which champions long-term financial sustainability and resilience. Furthermore, decisions align with broader city planning documents like the Guidebook for Great Communities, promoting diverse housing choices and community amenities. Investments in new community growth and the redevelopment of older areas demonstrate a strategic approach to managing Calgary’s evolution and improving urban living.
