home Currencies Calgary’s small businesses to get break from rising property tax bills

Calgary’s small businesses to get break from rising property tax bills

Calgary council said it would find the budgetary savings from other sources.Postmedia file photo

CALGARY — Complaining loudly about crushing tax hikes appears to have paid off for owners of small businesses in Calgary after moves by city hall that will see a 10-per-cent cut in non-residential property taxes this year.

Council voted unanimously during an emergency meeting Monday to slash $60 million from its budget and pull nearly $71 million from its reserves for tax rebates.

The vote followed a rally outside city hall Monday morning during which hundreds of disgruntled business owners said they are facing massive tax hikes that could force a number of them to close their doors.