Accounting Error only $19 Million folks!

November 19, 2025:

​I wonder if we finally paid off the $6.5 Million+ raise the RCMP gave themselves without asking us.
$19.2 Million accounting error?! Sounds like some people need to get fired.

So is that $19.2 Million in our favour or further against us? 'Oh, we screwed up so we have to raise your taxes another 10% next year to fix it.'

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November 25, 2025. I was being sarcastic when I made that comment, but leave it up to Red Deer's new City Council to deliver. The proposed tax increase is 7.36% next year.

Background information provided by the City of Red Deer:

Quick Facts:

Property Tax Increase: A proposed 7.36% increase, equating to approximately $54.21 annually per $100,000 of residential assessed value.

Capital Investment Focus: Prioritization of asset preservation and lifecycle management to maintain reliability and mitigate risk. Strategic use of debt remains within legislative and Council limits.
Debt position: Projected at $349.9M by year-end 2025, well within both City and MGA thresholds. The MGA limits the amount of debt municipalities can take on to 1.5 times their revenue; our current debt is 51% of that amount. Council further restricts debt to 75% of the MGA limit; The City is current at 68%.

Reserve health: Operating reserves will continue to be replenished with further planned contribution of approximately $10M toward the target minimum threshold of $25M.
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