The City of Red Deer is in the midst of a growth spurt. Through the 90's they like many communities the city held the line on taxes. Now with increases in population and further pressure on infrastructure and City services, Red Deer is facing a tax increase of up-to 7%. Quite a hike compared to other increases we face, but a needed one for long term prosperity. I don't think anyone likes to see increases in taxes, and especially not a 7% increases. I'm surprised cities are not embracing municipal legislation that limits the annual increases to a function of cost of living or other rates. It's popular to decrease or not increase the taxes, but at what price. A ceiling on increases such as the cost of living plus 1 maybe an option or simply not to exceed 5%. Puts added pressure on councils to be more creative or manage not just for today or their term but for the future.
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Your Friend in Real Estate,
Patrick Galesloot
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