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Long-Range Financial Plan

The Long-Range Financial Plan (LRFP) outlines the financial challenges The City of Calgary is facing over the next 10 years. It helps Council understand the long-term financial impact of today’s decisions. Looking beyond the four-year budget cycle, it highlights growing cost pressures and trade-offs and supports choices that keep City services affordable and stable over time.

2026-2040 update

The 2026-2040 LRFP identifies the financial pressures facing Calgary in the years ahead and how today’s decisions can affect future City services. While The City’s finances are currently strong, growing population, rising costs and aging infrastructure are creating long‑term funding gaps. Without deliberate decision around how services are funded, delivered, and prioritized, maintaining today’s service levels will be at risk and become increasingly difficult. The LRFP outlines strategies to address these pressures, to help The City continue providing the services residents expect in the future.

The 2026-2040 LRFP was presented to Council in May 2026 to set the financial context for other planning and budgeting efforts underway across the organization, including the 2027-2030 Business Plans and Budgets. Future LRFP updates will continue to provide Council with an ongoing, longer-term perspective on The City's financial prospects. The projections in the document will continue to be refined, and the document will continue to be updated periodically to reflect changing circumstance.

To learn about the financial strategies that address these issues and trends, check out the 2026–2040 Long-Range Financial Plan report and related performance measures reports presented to Executive Committee in June 2024 and September 2025.

Here is how the LRFP connects to other planning work:

Description for screenreaders

Calgary’s long-range financial planning shows how the city moves from a very long-term vision to the work done each year.

It starts with a 100-year vision for the community. This vision guides long-term plans for how the city will grow and develop over the next 30 to 60 years. These plans set goals, policies, and targets.

The Long-Range Financial Plan helps connect these long-term goals to real financial decisions. It is updated regularly using a financial lens to make sure plans are affordable and stay on track.

From there, the city creates mid-term plans that look about 10 years ahead. These plans include policies, key milestones, and ways to measure progress toward long-term goals.

Next, the city creates four-year service plans and budgets. These plans turn priorities into funded programs and services.

These plans are then put into action through annual workplans and projects. This is where the day-to-day work happens, along with yearly updates and adjustments.

The process is ongoing. Financial results and progress are reviewed at every stage. This feedback helps improve plans and keeps everything aligned with the long-term vision.