Approved 2015 Operating Budget Overview
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City Council approved the 2015 Operating Budget on December 11, 2014. The finalized version of the 2015 Operating Budget, which incorporates the provincial education tax adjustment and sets 2015 property tax rates, was finalized and approved by Council on April 14, 2015.
The operating budget sets the revenue and spending levels for all civic services and programs that Edmontonians depend on, such as police, fire rescue, lifeguards, transit drivers, parks maintenance, snow clearing, pothole repair, librarians, and recreation centre staff.
The approved 2015 Operating Budget will result in a 2.1% property tax increase for the typical single-family home, and an increase of 7.6% for a typical non-residential property.
For an Edmonton home valued at $401,000, the approved budget results in an increase of $5.00 per month in property taxes. The total municipal property taxes for a typical household will amount to about $3,100 for the year, consisting of about $2,200 that goes directly to municipal programs and services, and about $900 that goes to the provincial education tax.
The approved operating budget of $2.3 billion maintains the services, programs and infrastructure that support 878,000 people within our growing city.
City Council’s deliberations and decisions on the 2015 Operating Budget can be seen by viewing the City Council agenda and minutes starting November 26, 2014 and running to December 11, 2014.
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