Quote:
Originally Posted by Gordies Elbow
So they have the corporate tax income and rates to cover costs?
I had heard that Calgary relied on corporate revenues from downtown towers to cover a larger percentage of costs. Is that not correct?
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Cover what cost sorry? All I did was list stats to answer the poster questions.
Calgary is (was perhaps?) reliant on our strong downtown to cover property tax revenue, its why our residential taxes are so "cheap". However, that foundation has fallen apart as downtown property values collapse pushing up property tax on all other business, and creating the discussion of moving the tax load back to residential.
Or so I understand, to lazy to google to find the news stories.