Monday, September 27, 2021, Calgary, AB - Farkas launches platform over next ten days, starting with four-year tax freeze
Mayoral candidate Coun. Jeromy Farkas has begun to release his ten-point platform starting today with a commitment to a four-year property tax freeze.
“Over the past ten years, Calgarians have struggled with lack of opportunity. We’ve witnessed the economy crumble, the tax burden increase, and the City Hall establishment become increasingly out of touch,” said Jeromy. “It’s time for that to change.”
“If elected as mayor, I will champion a four-year property tax freeze for homes and businesses,” said Jeromy. “Now more than ever, Calgarians need a strong and growing economy. That starts with financial responsibility at City Hall. This four-year tax freeze will throw a lifeline to struggling families, seniors, and small business owners, and give them the certainty that they need to get back on their feet.”
Renowned economist Jack Mintz had the opportunity to review this platform promise, examine the underlying assumptions, and finds this to be an achievable goal.
“Implementing a four-year residential and non-residential tax freeze is undoubtedly achievable,” said Mintz, “The best part is that this plan can be implemented without reductions to City services given the excess reserves available and reasonable growth forecasts.”
Every year Calgarians are told they must choose between tax increases or drastic service cuts. Its time to put this false choice to rest with common sense financial management.
While the tax bill for the typical home has doubled over the last decade, basic City services have remained stagnant or even declined. All the while, City Hall sits on hundreds of millions of dollars in reserves generated from surplus tax revenues.
“This election is about change versus more of the same. As Councillor, I’ve consistently opposed needless budget increases. I have a record of following through on my promises. Change starts now, with a four-year tax freeze,” concluded Jeromy.
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