Quote:
Originally Posted by Okotokian
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You missed an important point, which is
Commercial Property tax.
Yes residential went down. The city froze the tax increase
The city actually said, the number of vacant buildings with no business to fill them and the number of companys that left the downtown has created a revenue short fall that they need to fill. The Purple prince talked about it erlier however I cant find a link right now. he said with less business in the downtown and a set budget the required revenue needs to be filled and will be shifted to the remaining busineses.
http://calgaryherald.com/news/local-...erty-tax-bills
MAC