The city is projecting $253 million in investment income next year and council voted to put $50 million towards public safety initiatives

Calgary city council voted Monday to reallocate the first $50 million of the municipality’s annual investment income toward public safety projects — an idea that would shave two per cent off next year’s proposed 3.6 per cent overall tax increase.

While the motion passed 11-4, opponents criticized the idea as short-sighted, arguing it would be akin to “mortgaging the future.”

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The proposal was one of 35 amendments proposed by council as part of 2026 budget deliberations.

Mayor Jeromy Farkas said the motion, introduced by Ward 6 Coun. John Pantazopoulos, would amend the city’s reserve policy on an ongoing basis.

The amendment is exp

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