Council approves budget, property taxes to increase
Published Friday, December 14, 2018 11:33AM MST Last Updated Friday, December 14, 2018 7:04PM MST
Edmonton city council approved the capital and operational budgets Friday morning.
The city will spend more than seven billion in the next four years in new projects and existing services.
The capital budget will invest $2 billion in the renewal of existing infrastructure, $1.8 billion in projects like the LRT expansion and Yellowhead Trail, and an extra $1 billion in new projects.
The operating budget will see property taxes increase 2.6 per cent yearly until 2022—around $65 extra every year.
The tax increase will support the Valley Line LRT, Alley Renewal Program, the Edmonton Police Service, and transit safety.