Looking ahead to big budget season
The City’s four-year operating and capital budget plans are being discussed in a few months, and going into this season, I want to outline some important factors that we all must keep in mind when discussing something that impacts every single citizen, business, and property across our city.
As a Council, we are always amidst competing tensions to grow our city. On one hand, we want to build, provide new services, and better our community as a whole. On the other hand, however, these opportunities have a big fiscal impact on our budget and impact taxation. We must, above all else, be lean and responsible with the budget. While it’s important to densify, build, and improve our city, it is paramount that we as a Council remain acutely aware of the inefficiencies and areas in the budget that can be cut to reduce tax burdens on Edmontonians. This is why I have high expectations that our current program and service review will yield useful information about efficiencies and ways to reduces costs and/or improves services.
While we go into deliberations this November, I plan to keep citizens such as Lilly from Landsdowne in mind. Lilly, a widow, who bought a home in Landsdowne fifty-four years ago, and because of property assessment model, her taxes have become more and more burdensome every year. This is the story for many residents of Edmonton - especially in older neighbourhoods.
As well, I’ll be keeping businesses and entrepreneurs at the front of my mind in budget deliberations. Local businesses such as Good Stock, which are helping to revitalize places like Petrolia Mall, are bringing some much needed vitality to communities and are important to keep in mind. Tax increases year after year can and do have an affect on these businesses. They certainly affect businesses we have not heard of yet where entrepreneurs crunch the numbers and wrestle with the notion of even starting the businesses communities yearn for. Situations like these can be counter-productive to Edmonton’s small and medium size business growth that will otherwise add vibrancy to our communities. This is why I made a motion to understand the city’s role in what costs to do business in Edmonton. Insert here.
As a Council, we need to balance off these tensions of spending versus growth. While we should be vigilant in our spending and be fiscally lean, we must continue to build our city in order retain and attract young people and provide good services to improve the lives of all citizens.
Next blog in August on the big questions facing 2019-2022 Operating Budget.