QOSHE - Lorne Gunter: Great idea won't work to cut Edmonton property tax increases Ward Dene Coun. Aaron Paquette has a good idea to fund annual property tax increases. Rather than jacking up taxes on city residents year after year, Paquette wants to grow the Ed Tel Endowment Fund to $6 billion from $1 billion over the next decade or decade-and-a-half, then use the annual interest to offset increases in property taxes.