Another Tax Cut! Draft budget proposes 2% reduction
A draft 2020 operating and capital budget has been presented to Council that proposes a 2% cut to property taxes.
“Our Administration understands that our residents are facing challenging economic circumstances and they have drafted a budget that reflects that reality,” says Chestermere Mayor Marshall Chalmers.
“While we still need to dig through every detail of the proposed budget, we are eager to find savings and efficiencies for our community. Last year, we were the only municipality we know of to pursue a tax cut and we have every intention of cutting taxes again this year.”
In order to achieve successive years of tax decreases, Administration consolidated and reviewed many types of expenditures, found more efficiencies and updated the budget process to use actual historical spending trends.
The final budget is expected to be approved in December.