Property Tax Decrease - Instilling Fiscal Discipline

Today the Michael Oshry for Mayor Campaign outlined leading provisions of the fiscal and economic platform pillar that he will advance if elected. A key piece of our platform is ensuring a stable, predictable budget and taxes for Edmonton households and businesses for four years. To do that, we’re committing to specific goals that we’ll be accountable for:

  • Year 1: Property taxes will be held to zero per cent increase.
  • Year 2: The City budget will decrease outright by a minimum of one per cent, with taxes to decrease by a minimum of one per cent as well. 
  • Years 3 & 4: Budget and tax increases will be held to zero per cent increase after that, contingent on a better fiscal deal with the Province of Alberta.

Projected fiscal rates for Years 1 and 2 are achievable within the City’s current budget. Years 3 and 4 will require a better financial partnership with the Province. Developing that partnership will be a key priority for Michael Oshry.

How We’ll Do It

  • Sticking to a priority-based budgeting approach and supercharging our program and service review process
  • Focusing spending on what Edmontonians really need, without losing core community services/programs
  • Achieving a full review of City programs based on their relevance, effectiveness and efficiency
  • Developing a better partnership with the Government of Alberta, where the Province contributes their fair share of spending in areas of provincial/federal responsibility like housing
  • Finding ways to work better with the Province no matter which party is governing

Michael Oshry Quote:

“I’m very mindful of the pressures on businesses, people with fixed and declining incomes, and on small businesses that are struggling valiantly through the pandemic to keep doors open and people paid. I know we can reduce their tax burden by bringing more focus to the work we do. For four years at City Hall, I saw so much opportunity to better control spending. Since I left in 2017, the City’s budget has grown from $2.7 billion to $3.01 billion, a rate of increase that is not sustainable. Better program assessment, more focus on clear priorities and fiscal discipline means we can hold the line on taxes, control our spending, and provide much needed tax relief for our citizens while making important investments in priority areas.“