Less than 24 hours after being sworn in, Calgary Mayor Jeromy Farkas addressed the city’s business community and indicated city council will be looking for ways to lower this year’s property tax increase.

Farkas made the remarks at his first ever State of the City address to a sold-out crowd at a Calgary Chamber of Commerce luncheon at the Telus Convention Centre.

“We also have to control costs corporately,” Farkas said during a fireside chat with Chamber CEO Deborah Yedlin.

According to Farkas, city administration will be “getting some strong direction from this new council in terms of containing costs and the overall burden.”

City council is set to deliberate over the final year of the four-year budget approved by the previous city council in a matter of weeks.

The budget, preview

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