Benefits
The success of the Investment Program has made a positive impact on the daily lives of Edmontonians and is paving the way for a financially sustainable future.
Savings in property taxes
Over the last 10 years, investment earnings and dividends have contributed nearly $750 million to the City’s budget. If these numbers are related back to taxation, property taxes would have increased by more than 7% over that time to make up the $750 million difference.
Additional source of revenue
Revenue generated from the City’s investments goes toward the City’s capital budget every year. This revenue is generated outside the standard municipal revenue streams, which gives the City options to pursue capital projects that, otherwise, may not have been possible.
In 2015, approximately $80 million of investment earnings and dividends were contributed back to support the City’s various capital projects.
Edmonton’s financial sustainability
The City's Investment Policy establishes prudent investment criteria that balance the desire for maximum return with an acceptable level of risk. By doing this, the program helps the City meet today’s needs — while also building a positive financial legacy for future generations.
For More Information
Financial and Corporate Services
5th Floor, Chancery Hall
3 Sir Winston Churchill Square
Edmonton, Alberta
T5J 2C3
| Telephone | 780-496-4944 |
|---|---|
| Fax | 780-420-4884 |
| financialservices@edmonton.ca |
