Calgary's 2025 Financial Report: Resilient and Prosperous

0:00It's April 23rd. I'm Cory with the story, and this is Canada News today, your AI-powered local news. Calgary City Council Audit Committee just got a look at the 2025 Financial Report, and it's looking solid. Revenue's hit $5,659 million, up 15% from last year and 10% over budget. That's about $744 million more cash flowing in, with total revenues topping $7 billion after infrastructure transfers, spending rose to $5,371 million, mainly on public safety and community services. Even with rising costs from population growth and inflation, the city posted a net revenue of $288 million before. Transfers leading to a consolidated surplus of $1.9 billion. Let's stand at $12 billion, $164 million, against $7 billion, $193 million in liabilities, showing a healthy balance sheet. Reserves dips slightly to $3 billion, $883 million, down

1:06$15 million from 2024, as planned for. Capital projects and services. The fiscal stability reserve actually grew to $1 billion, $353 million, hitting 10.8% of tax supported, spending above the minimum, but below the 15% target. Investments shown bright too, pulling in $490 million in income, 109% over budget, thanks to Smart Portfolio. Moves and higher rates, the portfolio grew to $7,285 million, with a 5.18% return, the highest single year haul. Not even as markets cool from 2024's highs. Overall, these numbers signal resilience amid uncertainty, giving council tools to keep taxes and check without draining the well dry. Though debate dipping into investment gains again for the 2026 budget, balancing growth with smart long-term plays.