Alberta Premier Danielle Smith is pledging to find ways to reduce municipal property taxes and provide more funding for capital funding projects.
Smith made the pledge during the recent Alberta Municipalities conference, where the group overwhelmingly approved a motion to call on the province for more infrastructure funding.
“We’ve got to find a way to get more dollars coming through so that you can reduce your property tax burden,” Smith told conference delegates.
AM contends that provincial per capita spending and budget cuts in recent years have left municipalities with $1.3 billion less to invest in community infrastructure each year. Smith pledged to help reduce property taxes and speed up capital projects.
“I’ve watched it happen many times that we’re very generous [and] increase the funding when times are good, and then when times turn the other way, we ask you to take a pretty big haircut, and that puts a lot of extra pressure on you,” she told the delegates.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.