Yellowknife's draft budget plans 5.25% property tax increase

Yellowknife is the capital of the Northwest Territories. Its draft budget for 2027 plans to raise property taxes by 5.25%. Property owners pay this tax to the city. A draft budget is a plan that is not final. City staff shared it November 12, at the first public meeting of the new mayor and council. The plan would spend $167.5 million, including $55 million on building projects. It expects $145.4 million in income. The city must balance its budget, so it uses $22.1 million in transfers and other changes. The council will now decide what stays and what is cut.