City of Calgary posts $238M budget surplus for 2023

City of Calgary reported $238-million operating surplus in 2023

The City of Calgary posted a $238-million positive operating variance in 2023, according to a report presented to the executive committee.

City of Calgary posts $238M budget surplus for 2023

According to a report presented to city council on Tuesday, the surplus is a result of “higher-than-expected investment income and supplementary revenue, lower corporate expenditures and a favourable variance across several tax-supported services.”