Budget Frequently Asked Questions (FAQ)

Yes, thanks to robust financial policies and practices, including:

• Reserves to stabilize our finances by supporting one-time pressures on our operating budget.
• Budget practices that help us manage ongoing costs like fuel, utilities and labour that can fluctuate significantly in a 4-year cycle.
• A strong AA+ credit rating, which shows the City is managing its finances prudently and has the capacity to meet its financial commitments. Our credit rating gives the City access to lower long-term borrowing costs to help pay for some construction projects.

While the City’s finances are stable, we are facing both short and long-term challenges. The City is transparently identifying financial challenges and recommending solutions to deal with them. Budget challenges are shorter-term term and the fiscal gap is longer-term.

For the past few years, the City has been making adjustments to the 2023-2026 budget in response to budget challenges:

• Inflationary pressures:  long period of high inflation has left prices at much higher levels. High prices have affected the City across the board, from parts to fuel to staffing costs, meaning it is costing the City more to deliver the same services to Edmontonians.
• Rapid population growth: Our population has grown rapidly since 2021. This has translated into a much faster growth in demand for City services and need for new infrastructure. And while a growing property tax base adds to the City's revenues, that growth may not fully cover the additional costs.
• Changing service needs: Edmontonians’ service needs have also evolved. They’re using transit differently, for example. And we are tackling emerging issues like extreme weather, encampments and social disorder. This is affecting both our costs and our revenues. 

While the City planned for a lot of these pressures, they have been bigger than what was forecast when we developed the budget in 2022. The City has had to make changes to the 2023-2026 budget to bring it in line with what it actually costs to deliver services now. These changes have included increasing our revenues, which are primarily property taxes and user fees, and reducing spending through efficiencies and service reductions.

The City has made significant progress in responding to these budget challenges in the current budget cycle. These challenges will continue to play a role in the next budget cycle. It will likely take a combination of strategies to build a balanced budget for 2027-2030, including spending reductions (efficiencies, reducing the number of services, reducing service levels) and revenue increases (increasing user fees and property taxes).

Structural budget variances are parts of a budget with recurring deficits or surpluses. It’s normal for there to be some variances from the budget (the City typically operates within 1% of its operating budget). However, if the same variances are happening regularly, then it’s a sign that something has fundamentally changed business operations, and we need to align budgets and actual costs and revenues. In the 2023-2026 budget cycle, the City identified several unfavourable structural budget variances where services were consistently costing more or not taking in as much money as budgeted. Action plans have been developed for each item, in order to address the root cause of the variance and bring actual results and budget into alignment.

Last fall, Council approved several changes to help address these structural budget variances. These changes did not impact property taxes in 2026, and included:

• Increasing budgets for some services that were consistently costing more, like animal care and control, facility cleaning, Dedicated Accessible Transit Service (DATS), spring street sweeping and vandalism repairs.
• Increases to user fees in animal care and control, fire rescue services, land development and transit, to help the City recover some of its higher costs from people who directly use those services.
• Spending reductions across the corporation.

The City has made significant progress in addressing these structural budget variances in the current budget cycle. Some of the variances will take time to fully address, but the goal is to have managed as much as possible before the start of the next budget cycle in 2027.

Though the City has strong financial practices and is stable financially, it is facing significant fiscal pressures, which means that the City’s ability to generate revenues (the money we expect to take in) has been falling short of spending needs. We call this a fiscal gap. There is no single solution that can fix the fiscal gap and not all of it is in the City’s control, but the City is taking action to help close it. This includes increasing revenues, reducing spending and advocating for different fiscal arrangements from other orders of government.

Council approved the Fiscal Gap Strategies Work Plan on March 5, 2025. The plan sets out actions to grow our revenues and reduce our spending needs, including: 

• Growing the non-residential tax base in our city limits.
• Evaluating non-tax revenue streams like user fees so they’re keeping pace with the cost of service delivery.
• Continuing our work to prioritize services, focusing on core municipal services that are most important to maintaining Edmontonians’ quality of life.
• Evaluating and prioritizing our capital needs to find the best balance between managing a growing renewal deficit and building the new infrastructure we need as the City welcomes a million more residents.
• Evaluating our policies and prioritizing strategic goals given our financial constraints.

Administration has completed a series of budget reduction and efficiency exercises over the past decade to keep tax increases as low as possible without significantly impacting services. Since 2015, these efforts have led to a cumulative savings of $1.9 billion.

In this budget cycle (2023-2026), the following steps were taken to limit tax increases:

• A Council savings exercise (OP-12) removed $15 million a year from the operating budget
• In Spring 2025, Council reduced the tax increase by 0.4% for both 2025 and 2026. This was made possible due to the province restoring Grants in Place of Taxes (GIPOT) payments. GIPOT is the program that provides municipalities a grant in place of property taxes for Government of Alberta properties (e.g. the Alberta Legislature).

The budget is the City’s plan for where it will get money (revenues) and how it will spend it (expenditures) in alignment with our long-term vision.

The City budgets in 4-year cycles. Building a 4-year budget enables us to plan stable programs and services, and move our plans forward to build and maintain things like the LRT, recreation centres and roads. The current budget is for 2023-2026 and it is reviewed and adjusted each year, as needed.

The budget has 4 parts: capital budget, operating budget, waste services utility budget and the Blatchford renewable energy utility budget.

The City also has a carbon budget. It is among the first in North America to have a carbon budget, which is presented alongside our financial plans in the capital, operating and utility budgets to inform Council's decision-making and to track our progress against our energy transition goals.

Building a budget is about making choices about services and construction projects that affect over 1.2 million Edmontonians with diverse needs and perspectives.

It takes about a year to build a four-year budget. Right now, Administration is developing its proposed budget for 2027-2030.

As part of this process, each business area looks at what money they think they’ll need over the next 4 years in order to deliver their services and move construction projects forward. They are also looking for any efficiencies that will help to limit any budget requests. Next, the City looks at what it can afford, and prioritizes the needs of each business area based on what’s absolutely necessary and how it aligns with short- and long-term goals.

There are a lot of other factors that go into decision-making about the budget. The City also looks at public input (happening from March 23 to May 1, 2026), the economy, the state of our savings and investments, anticipated funding from other orders of government and our financial forecasts for the next 10 years.

Throughout the year, Administration has regular touchpoints with Council to give detailed presentations about each City department’s budget, discuss Council priorities, and share financial forecasts and analysis on key issues affecting the budget.

These efforts will come together in the fall. Administration will present its recommended budget to Council in November 2026. Council will deliberate the budget in December, making any changes they think are needed.

For more information, visit Budget Process and Financial Strategy.

The City budgets in 4-year cycles. This long view makes it easier to plan stable programs and services, and move our plans forward to build and maintain things like LRT, recreation centres and roads, all in alignment with our long-term strategic plans.

The 2023-2026 budget was approved on December 16, 2022. The City is building the 2027-2030 budget now, and will seek input about what matters to Edmontonians this spring. 

See Council Policies J-M
Multi-year Budgeting Policy

The City budgets in 4-year cycles, but a lot can change over those 4 years. The City has set up regular opportunities to adjust the budget so we can respond to anything significant that has happened since the budget was set in December 2022.

This includes:

• Changes in external factors or changes in legislation like budgets from other orders of government
• Changes to economic forecasts such as changes in service demand volumes or changes to revenue forecasts
• Adjustments to the City’s operating budget that are required when capital projects come into service or new assets are acquired
• Council-directed priorities and service changes

These budget adjustments allow Council to make changes to the 2023-2026 budget without having to revisit everything.

There are regular updates to Council on the City's performance against its budgets.

The City’s capital and operating budgets plan for investment in programs, services and infrastructure over 4 years. This means keeping the lights on, plowing snow and building sidewalks and bridges.

Administration reports to Council and Edmontonians regularly through the financial updates on how operating and capital project spending compares to those plans, including where the City will be at the end of the year. 

The capital financial update also provides updates on major capital projects as well as on the City’s debt position. The operating financial update also provides an update on the City’s larger reserves and an update on the economy.

Knowing the current state of City spending against the capital and operating budgets can help Council make choices about where to stay the course in the previously approved 4-year budgets and what to change. 

Read our quarterly financial update reports.

The capital budget is about the money the City uses for infrastructure. It's for what the City builds, from new structures to maintaining what we've already got, as well as equipment, including:

• Roads
• Bridges
• LRT expansion
• Recreation centres
• Fire halls
• Police stations
• Libraries
• Vehicles like buses, LRT trains and fire rescue equipment

The operating budget is about the money the City uses every day to run the programs and services we rely on, like:

• Maintaining the roads and public transit that move people
• Police, bylaws and fire rescue services to keep people safe
• Attractions, leisure activities, parks and social programs and leisure activities that make Edmonton a great place to live, work and visit

There are separate budgets for public utilities - Waste Services, Blatchford Renewable Energy and Downtown District Energy. 

Monthly utility rates (and not property taxes) fund all residential waste services, including:

• Waste collection
• Eco Stations
• Reuse Centre
• Big Bin events
• Waste education and outreach
• Edmonton Waste Management Centre operations
• Landfill and utility management

Blatchford Renewable Energy charges a customer rate as well, including a component to cover operating costs and infrastructure.

Blatchford Renewable Energy owns and operates the Blatchford community’s District Energy Sharing System (DESS). This system provides heating, cooling and hot water services to Blatchford residents and businesses through monthly utility rates.

Edmonton was one of the first cities in North America, and first in Canada, to present a carbon budget alongside our financial plans to Council.

The carbon budget is a tool that allows Council to weigh greenhouse gas emission impacts when making financial decisions. It also tracks our progress towards our energy transition goals—of being carbon neutral as a community by 2050 and as a corporation by 2040—so we can be transparent with Council and Edmontonians about how we’re collectively doing on reducing our greenhouse gas emissions.

The City has invested in reducing carbon emissions, including over $376 million in new funding approved in the 2023-2026 budget for services and construction projects. This includes active transportation, energy retrofits, district energy networks and other projects to reduce corporate and community emissions. Without further action, our updated forecasts remain unchanged and show that we’ll deplete both our corporate and community carbon budgets by 2032 and 2036, respectively.  

Climate change is a collective problem that requires collective action. Edmonton’s carbon budget shows we are making positive strides, but that much more collective action is needed. The City is actively working to reduce its emissions, but it will take a much larger collective effort, including collaboration and support from other orders of government, private investment and the actions of all Edmontonians, for Edmonton to be carbon neutral by 2050. The City delivers an annual update to the carbon budget each fall. The City will provide a climate budget for 2027-2030. It will track progress on Edmonton’s climate change and resiliency goals.
 

See Carbon Budget.

City Council held the non-statutory public hearing in November 2022. This hearing gave residents the chance to speak directly with Council about the 2023-2026 budget.

This isn’t the only way Edmontonians influence the budget. From electing a representative to Council, giving input through public engagement or reaching out to Council and Administration directly, Edmontonians speak up all year about what matters most to them and where tax dollars should go. 

Edmontonians can also submit feedback on the budget through Council Correspondence.

The City did extensive engagement during the summer of 2022 to support the development of the 2023-2026 budget, as well as budget adjustment recommendations each year. Those insights have been shared with Council to support their decision-making on the budget. The City connected with over 32,000 Edmontonians of diverse backgrounds and circumstances.  

The engagement highlighted that the budget must balance many competing needs, including delivering excellent services and construction projects, keeping taxes and fees manageable for Edmontonians and supporting vulnerable populations.

More information can be found in the What We Heard Report or the October 31, 2022 Council Report.

This public engagement is one of many ways the City gathers insights from the community to support decision-making on the budget; these insights can be found in each Council report.

Public engagement for the 2027-2030 budget will begin March 23, 2026.

Alberta’s Municipal Government Act (MGA) defines municipal taxation powers, so the money to pay for the operating programs and services comes from:

• Property taxes: Account for over half of our operating revenues.
• User fees: These include recreation facility admissions, transit fares, building fees and other permits. They are designed to partially recover costs from people who directly use the service.
• Franchise fees: ATCO Gas and EPCOR provide gas, power, water and wastewater services to Edmontonians. The City charges these operators franchise fees for related costs and land access. 

For more, see Operating Budget Overview.

There are 4 main ways that the City raises money for things like designing and building a new library or road, the rehabilitation of a recreation centre, the maintenance of a bridget, or buying new equipment like LRT trains:

• Grants: About 44% of the City's approved capital budget is funded with grants from the provincial and federal governments.
• Tax-supported debt: The City uses debt in order to take advantage of lower interest rates and move priority infrastructure projects forward.
• Reserves: Some of the City's reserves are money set aside to pay for capital projects on a cash basis over the short term.
• Investment income: Much of this income is transferred to the capital budget to pay for new infrastructure.

The amount of property taxes the City collects each year is set when Council approves the annual operating budget. The operating budget is the amount of money the City needs to run our programs and services in a given year, including fire rescue services, parks, police, recreation centres, road operations and maintenance, and transit.

The City first considers its other revenue sources (fines and permits, user fees, franchise fees, grants and other operating revenue sources) to cover the costs to run the program and services, and then looks to property tax to ensure revenues meet expenditures. In accordance with the Provincial Municipal Government Act, the City must have a balanced budget, and cannot use debt to balance the operating budget. The City has limited options to fund the balance of the cost to provide these services, so more than half of the operating budget is funded through property taxes. The City only collects the amount of property taxes required to balance the budget, no more and no less.

Once the operating budget is set, the City divides the tax levy (how much money we need to collect through property taxes) among Edmonton property owners. The assessed value of your property determines the share of the total tax levy that you will pay through your property tax bill.  

For more information, visit: Property Assessment and Tax Process.

A one-time funding source like reserves should never be used to fund an ongoing item like tax levy requirements. This goes against our budget principles:

• Ongoing expenses are funded from ongoing revenues
• One-time revenues can only fund one-time expenses
• Savings from updates to financial forecasts are used to address budget pressures
• Management actions that result in savings are more discretionary and can be used for reallocation
   

Since 2015, the Administration has found efficiencies and savings without significantly impacting services. There have been several reduction and efficiency programs that resulted in nearly $1.9 billion in cumulative savings and cost-avoidance measures. What this means is that there’s very little flexibility to address our budget challenges without impacting service levels, taxes or user fees. In the years ahead, it will likely take a combination of adjustments to service levels, taxes and user fees to ensure our continued financial sustainability.

We know that Edmontonians expect good core services at the best possible value, and we work hard to find a balance between delivering the services that people rely on, and keeping taxes and user fees manageable. This is especially difficult now, when both the City and Edmontonians are facing financial challenges.

Part of our strategy to address our financial challenges over the next few years included a review of all of our reserves to see if there was any funding that could be reallocated. The 2024 Reserves Report went to City Council in December 2024. Administration reviews all of the City’s reserves every 3years to ensure they’re still meeting our needs.

The City has different reserves for different purposes, but generally, reserve funding is not an ongoing source of funding. One of the key principles of good budgeting is to use ongoing revenues to fund ongoing costs, and one-time revenues to fund one-time costs. Reserves are generally designed to handle one-time costs, whereas property taxes fund ongoing costs. Reserves could be used to fund services in a given year, but that funding is then spent and can’t be used to fund services in the following years. You’ve found a temporary fix to an ongoing problem but will have the same problem the following year.

Between 2016 and 2025, the average annual property tax increase was 3.5%.

The highest tax increase in the last 20 years was in 2008, at 11.9%. 

For more on historical municipal and education tax rates, see Property Tax Breakdown.

The City uses debt strategically to help fund some of its capital projects. Building and maintaining the City’s infrastructure is expensive, costing billions of dollars. In order to fund these projects without the use of debt, the City would need to save up tax dollars for decades before starting project work, which would mean taxing  Edmontonians who would never get to use the facility, road or LRT they paid for. Debt allows the City to spread the cost out more fairly, to all users over the life of that infrastructure.  

Administration presented the 2025 year-end results to Council on March 17, 2026. Year-end results show a $31 million surplus, finishing the year less than 1% over the $3.8 billion operating budget for 2025.

This surplus is due to careful management and one-time savings. This is a positive step towards managing our budget challenges and a majority of these funds will be transferred into the Financial Stabilization Reserve (FSR). The FSR is currently under its minimum balance and it is a top priority that the City continues to replenish it as it is used to help offset one-time tax-supported deficits, emerging financial needs and unanticipated budget shortfalls. In 2024, Council approved a strategy to support reaching the minimum balance by 2028.

The majority of significant capital projects (over $20 million) are also progressing well, with 82% reporting within budget and 97% on schedule. The City strategically uses debt to advance large infrastructure projects, ending the 2025 fiscal year with $4.6 billion in outstanding debt and using 69% of the tax-supported debt-servicing limit. 

The Financial Stabilization Reserve (FSR) is set up to manage one-time budget pressures that can come up, like deficits. The City usually manages within its operating budget and runs a small surplus. These surpluses are added to the FSR for when the City needs it. 

In the last 15 years, the City has had a tax-supported deficit 4 times, usually because of external factors like volatile investment markets and heavy snowfall. When that happens, we use the FSR to cover the deficit and allow services to continue uninterrupted. 

We needed to use the FSR to handle unexpected, one-time costs during the pandemic, and it’s now below its minimum balance after being used to fund the 2024 deficit. We need to replenish the FSR so we’re prepared to handle other one-time pressures as they arise in the years ahead.

Some capital projects have big price tags, so it can seem like an easy savings to cancel a large project and use that money to fund services or reduce taxes.

There are several reasons why moving money from the capital budget to reduce taxes is not a best practice, including:

• This is a temporary fix to an ongoing need. One of the key principles of good budgeting is to use ongoing revenues to fund ongoing costs, and one-time revenues to fund one-time costs. Construction projects are a one-time cost, whereas services are ongoing costs.
   
• Cancelling or delaying capital projects can create a backlog. Edmonton is growing rapidly. The needs would remain and would likely cost more to deal with in the future. 
   
• Cancelling work in progress is a net loss. Many of the projects in the City’s capital budget have already begun. This means that contractors have been hired, contracts have been signed and the City is actively planning or building those projects. We would not get our money back if we cancelled these projects and may have added costs to manage the cancellations.
   
• Most of the funding in the capital budget can only be used for certain projects. This includes funding from other orders of government, which is often given to cities for specific types of projects (like public transit) and must be spent within a certain period of time. If the City cancels a project, any funding from other orders of government for that project must be returned.
   
• The City pays for many capital projects over time through borrowing. Debt-funded capital projects like infrastructure rehabilitation, LRT or recreation centres are paid for over a long time (sometimes up to 35 years), so the City is only paying for a fraction of its capital costs in a given year. For example, the $100 million budget for the Active Transportation Implementation Acceleration project (which includes bike lanes) breaks down to $3.0 million in debt servicing and $1.9 million for operating costs in 2026 or 0.1% of the $3.9 billion annual tax-supported operating budget.

Budget pressures are multifaceted, but inflation plays an important role. Inflation describes an increase in price levels for goods and services and impacts costs for Edmontonians, businesses, and even the City of Edmonton, though in different ways. The impact on costs depends on the good or service that is being purchased, and by how much prices have risen.

When the City's costs increase due to inflation, so does the pressure to increase its tax-supported operating budget (without considering any changes to its service levels, and without considering the financial costs of transformational change, including investments to address climate change, and to support economic growth and diversification). If the amount of property taxes collected stays the same or increases at a rate below the rate of inflation experienced by the City of Edmonton, that means that there are fewer dollars available for existing City services and programs, and reduced financial capacity to invest in our city. This approach is not sustainable over the long term if the City is expected to maintain service and program levels, while also seeing through to its commitments to transformational change.

It’s important to note that the overall tax increase (the percentage increase to the City’s tax-supported operating budget) is different from the change that most individual Edmonton property owners will experience on their property tax bills. The year-to-year change in a property’s assessment value, compared to the change in the overall market, will determine whether your individual tax increase is more or less than the overall tax increase.  

For more information see Property Taxes.

The capital budget is about what the City builds and includes funding for new infrastructure as well as maintenance of existing infrastructure Edmontonians use every day. The approved $11.2 billion capital budget includes projects like:

• $2.6 billion for the Valley Line West LRT Extension
• $1.4 billion for the Capital Line South LRT Extension
• $515 million for the Yellowhead Trail Freeway Conversion
• $309 million for the Lewis Farms Facility and Park Project
• $200 million for the High Level Bridge Rehabilitation
• $171 million for Housing Accelerator Fund Projects
• $13 million for the William Hawrelak Park Rehabilitation
• $100 million to fund the Active Transportation Network Expansion

The 2023-2026 capital budget includes over $2 billion in renewal projects - these are projects that are focused on maintaining the infrastructure we already have including:

• High Level Bridge rehabilitation
• Hawrelak Park rehabilitation
• Light rail vehicle replacement

We are working to balance the need for new infrastructure as we grow as a city with the need to maintain what we've already got. This is one of the challenges rapidly growing cities like ours face. The City has over 79 million assets, with a total value of over $39 billion. That’s a lot to maintain! As Edmonton grows, it's a big challenge to maintain all these assets, especially since that number is growing and those assets are aging. Our capital budget must consider how to keep our current infrastructure working.

Like many Edmontonians, we are making the most of our available resources and prioritizing the most important renewal projects. While this is necessary, it isn’t sustainable in the long term. At some point, we will have to invest more to maintain our existing infrastructure. We will also likely need to make some tough choices about some of our older infrastructure, especially ones that may be nearing the end of their lifespans.

The operating budget is about the programs and services the City will deliver to Edmontonians from now through 2026. The tax-supported operating budget will increase from $3.4 billion in 2023 to $3.9 billion in 2026. Council also added to our operations in the 2023-2026 budget. By 2026, the operating budget will include over $186 million in new funding for programs and services such as increased affordable housing funding, increased transit service, energy transition and climate adaptation initiatives. 

The majority of the operating budget goes towards maintaining existing services in the face of rising costs, but Council has made some additions to the budget too. Over the 4-year budget cycle, there is over $591 million in additional funding for programs and services like increased affordable housing funding, increased transit service, energy transition and climate adaptation initiatives.

The operating budget delivers 70 services to Edmontonians, including maintaining the roads and public transit that move people; police, bylaw and fire rescue services to keep people safe; and attractions, leisure activities, parks and social programs that make Edmonton a great place.

On December 4, 2025, Council approved a 6.9%  municipal property tax levy increase for 2026. This affects property owners differently, depending how their property’s assessed value compares to the overall housing market. For homeowners this means $816 more in property taxes for every $100,000 of assessed value. This is an increase of $53 compared to last year.
 

On December 4, 2025, Council approved property tax increases of 6.9% for 2026. The budget is reviewed and adjusted each year in response to significant changes. 

This will affect property owners differently, depending on how their property’s assessed value compares to the overall housing market. For homeowners, this means about $816 in property taxes for every $100,000 of assessed value. This is an increase of $53 compared to last year.

The carbon budget informs our transition to a low-carbon city. The City is one of the first cities in North America to present a carbon budget alongside our financial plans.

Unlike the proposed capital, operating and utility budgets, Council does not deliberate or approve the carbon budget. The carbon budget is a tool that shows the greenhouse gas (GHG) impacts of budget requests. This allows Council to weigh climate change impacts when making financial decisions.

It also allows the City to measure and track progress against Edmonton’s emission targets, so we know how we’re doing and what we need to change.

The 2023-2026 budget included more than $376 million dollars in services and construction that support our transition goals. 

The City established community and corporate carbon budgets as part of the Community Energy Transition Strategy, which was approved by Council in April 2021. The strategy sets out our goals of being carbon neutral as a corporation by 2040 and as a community by 2050.

The carbon budget gives Council greenhouse gas emission impacts to consider alongside the financial impacts of the capital, operating and utilities budgets. The carbon budget evaluates the emissions impacts of around 200 items in the approved budgets. 

The 2023-2026 budget includes recommended funding for projects that will reduce GHG emissions by 180,000 tonnes carbon dioxide equivalents (CO2e) over the 4-year period for the City. 

The majority of the climate initiatives funded in the 2023-2026 budget cycle remain in the carbon budget and aren’t significantly impacted by the 2025 fall budget adjustments. 

The carbon budget makes it clear just how much needs to be done to meet Edmonton’s emission targets. Without further action, our updated forecasts show that we’ll deplete both our corporate and community carbon budgets by 2032 and 2036 respectively.

The carbon budget highlights that climate change is a collective problem that needs collective action. The City is actively working to reduce emissions (including investing more than $376 million in services and construction projects in the 2023-2026 budget that will support these efforts), but to be carbon neutral by 2050, it will take a much larger collective effort, including collaboration and support from other orders of government, private investment and the actions of all Edmontonians. 

The 2023-2026 budget includes over $376 million in new funding for services and construction projects that will support the City’s energy transition efforts. This includes $100 million for the Active Transportation Infrastructure Plan, $53 million for energy retrofits of City facilities, $34.5 million for development of district energy networks, $11 million for an emissions-neutral fleet and $6.5 million for natural areas acquisition.

We’re also integrating carbon into our budgeting process, so Council can weigh both the carbon and financial impacts of financial decisions. We’re one of the first cities in North America to do a carbon budget like this. The Carbon Budget makes it clear that further action is needed to achieve community and corporate carbon emissions targets.