Calgary city councillors officially got their first glance at the proposed 2026 city budget Monday ahead of deliberations later this month.

The budget proposal, which is the final year of a four-year budget approved by the previous city council, includes more than $300 million in new investments around transit, housing, infrastructure and public safety.

“This budget is about finding the right balance, maintaining affordability while continuing to invest in the core services that matter most to Calgarians,” the city’s chief administrative officer, David Duckworth, said to council during the presentation of the budget.

The proposal includes a 3.6-per cent overall property tax increase, a confine approved by the previous city council, but a figure that differs depending on property type.

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