After lengthy debate at Edmonton City Hall on Tuesday over amendments to the operating budget, city council voted to approve changes that will result in an 8.9 per cent property tax hike in 2024.
The city announced the approved budget adjustments just before 11:30 p.m. on Tuesday. The adjustments were unanimously approved.
Discussions earlier in the day originally saw city councillors debate amendments that would have resulted in an 8.7 per cent property tax increase.
“The city is dealing with many of the same financial challenges as Edmontonians, especially when it comes to the cumulative impacts of inflation,” said Stacey Padbury, the city’s chief financial officer and deputy city manager of corporate and financial services.
“Today’s adjustment allows the city to respond to the high costs we’re facing now, as well as to lower revenues and a rapidly growing population, so that we can continue to deliver the services that we heard matter to Edmontonians.”
Story continues below advertisement
The city said the tax increase …