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November 8 2022

City of Calgary proposed budget sends positive signal; property tax remains top of mind for business

Calgary, November 8, 2022 – The Calgary Chamber of Commerce is optimistic for the business community as the City’s proposed budget reflects a focus on safety, transit, and civic vibrancy throughout the 2023-2026 Service Plans and Budgets. Despite an increase in expenditure, the proposed investments put Calgary on a path of economic stability and resilience.

Setting the stage and direction for Calgary’s next four years, the budget includes significant investments that will bolster business competitiveness, including increased funding for improved public transit, continued investments in downtown revitalization projects, and strategic advances that support public safety initiatives.

“We are encouraged by the City’s proposed budget. Over the past several months, we have been calling for a focus on talent, safety, rising costs, and brand and reputation, so we’re pleased to see these priorities reflected in the proposed budget,” says Deborah Yedlin, President and CEO of the Calgary Chamber of Commerce. “However, as businesses in Calgary grapple with rising costs, inflation, and labour shortages, deliberate investments and measures to reduce the burdens to businesses will be necessary, including a continued focus on tax competitiveness and improvements in service delivery to business."

The Calgary Chamber is particularly encouraged by the following initiatives outlined in the 2023-2026 Service Plans and Budgets:

With the additional $323 million in expenditure reflected in the proposed budget, the Calgary Chamber urges an enhanced focus and consideration for:

As the City moves forward with the 2023-26 Service Plans and Budget, the Calgary Chamber of Commerce encourages close collaboration and consultation with the Calgary business community.



The Calgary Chamber exists to help businesses thrive. As the convenor and catalyst for a vibrant, inclusive, and prosperous business community, the Chamber works to build strength and resilience among its members and position Calgary as a magnet for talent, diversification, and opportunity. As an independent, non-profit, non-partisan organization, we build on our 131-year history to serve and advocate for businesses of all sizes, in all sectors, and across the city.

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