Policy in brief
We need to build a new financial formula to fund our city’s future: one that instills a culture of innovation and efficiency within administration, and works toward ending our reliance on regressive property taxes.
What we’ll do in the short term
I will introduce a new program called “Council’s 2%,” a goal for Council to work with city staff year-round to find $20 million in value annually. It’s incentive to continuously innovate and embrace ideas —such as switching to LED streetlights or smart bus passes — that improve performance at a lower cost. This should yield approximately $80 million over the next four term that we can invest in new infrastructure and maintenance.
Where we need to be a generation from now
My vision is that in 20 years, the city’s over-reliance on unfair property taxes is long behind us. Edmonton, and all Canadian cities, need better tools to pay for the services we expect and the city we envision. A new financial formula is possible, and is one I’m deeply committed to advocacy in Ottawa and at the Legislature for a better revenue model for Edmonton to fund its future growth and prosperity.