Edmonton property taxes will be rising less than expected next year.
While the final number has not yet been decided, the 2025 tax increase is expected to be closer to six per cent.
That’s less than the eight-per-cent starting point when city council began budget adjustment deliberations Monday, and a lot less than the 13 per cent forecast this summer.
The reduction is thanks in part to a plan spearheaded by Mayor Amarjeet Sohi, who proposed a plan to reallocate funding to cut down the hike.
“It responds to today’s affordability challenges, while not losing the long term view and our ability to deliver core services in the future,” Sohi said.
Every city councillor supported at least part of that plan.
Sohi initially proposed money be taken from the Neighbourhood Renewal Program to reduce the tax increase. But council decided …