Edmonton Chamber Commends Mayor Iveson for Prioritizing Fiscal Restraint in Upcoming Budget
September 11, 2018
The Edmonton Chamber of Commerce commends Mayor Don Iveson for committing to prioritizing cost reductions and tax competitiveness in his new five-point budget plan. The Chamber has been focused on advocating for taxpayers in advance of the upcoming four-year budget currently being developed by the City. Property tax increases, on top of increased taxes, fees, and other costs from all orders of government, are pushing many Edmonton businesses to the breaking point.
“We’re encouraged to see that Mayor Iveson recognizes that we need to prioritize lower taxes in the upcoming budget cycle in order to improve our competitiveness,” said Edmonton Chamber President and CEO Janet Riopel. “It is essential that these positive initiatives yield meaningful results in the upcoming City budget. The viability of many businesses, and our ability to attract new investment, is at stake.”
The Edmonton Chamber has been constructively engaged with the Mayor, Council, and City Administration through its Municipal Budget Task Force, as well as through the business group Prosperity Edmonton. In addition to weekly Municipal Budget Bulletins, the Chamber has been meeting with elected officials and Administration to impress upon them how important competitiveness is to the business community, and proactively discuss recommendations that allow us to fund the priorities of a growing city without resorting to continued tax increases.
“Taking a hard look at previous spending increases and giving thorough scrutiny to new spending is certainly where the focus should be,” said Riopel. “We look forward to more details from the Mayor’s plan and will continue our efforts to assist the Mayor, Council, and Administration as they take on the difficult work of developing a responsible four-year budget this fall.”