After eight days of deliberations, Calgary City Council approved the city’s 2026 budget on Wednesday, settling on a property tax increase far lower than initially proposed.

Heading into the discussions, council was considering a 3.6 per cent hike. Mayor Jeromy Farkas had pledged to cut that figure in half, and the final decision reflects a significant reduction.

The approved increase now stands at 1.64 per cent. For homeowners, the change translates into an estimated $4.50 more per month in property taxes beginning next year.

More to come.

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