Lacombe County adopts 2017 interim operating and capital budgets

After many weeks of deliberations, interim budgets have been announced

  • Dec. 15, 2016 6:00 a.m.

Lacombe County

Lacombe County council recently adopted the County’s 2017 interim operating and capital budgets, which support maintaining existing service levels while minimizing tax increases.

The budgets continue to follow priorities set out in the County’s Strategic Plan and its long-range road construction and capital equipment replacement plans.

The $45,317,260 interim operating budget is balanced and is supported by a one per cent property tax rate increase for all property types and a transfer of $348,150 from the tax rate stabilization reserve.

The one percent property tax rate increase represents an additional $9.70 in taxes on a $400,000 residential property.

“The 2017 budget recognizes the economic challenges our residents are facing, and balances these impacts with the long-term financial position of Lacombe County,” said County Commissioner Terry Hager.

“The protection of infrastructure remains a primary focus in the budget and allows Lacombe County to continue to take advantage of the competitive pricing environment for new infrastructure projects where possible.”

The 2017 interim capital budget, which provides for revenues and expenditures of $16,572,130, saw a decrease of $1.464 million from last year’s budget.

Highlights of the capital budget include a 50% share in a new engine for the Blackfalds fire department funded by the Alberta Community Partnership ($175,000) and a transfer from the Protective Services Reserve ($105,000).

As well, the capital budget includes replacement of four tractors for mowing and plowing operations at a net cost of approximately $400,000, construction and rehabilitation of 24 kms of local roads ($5.47 million) and engineering and replacement of bridges ($4.09 million).

Each year council works through the complex task of managing resources in order to maintain a balance between present needs and future growth.

“Council understands the financial challenges that many of our ratepayers are dealing with,” said County Reeve Paula Law.

“While it’s important to maintain service levels and to consider the County’s future sustainability, our goal was to develop a conservative, hold-the-line approach, which is represented well in the 2017 budgets.”

While the interim operating and capital budgets are approved in December of each year, the final budgets and tax rates are not set until the following spring, when the property tax levy for education purposes is set by the Province and property assessment values have been confirmed.

-Mendonsa

 

Just Posted

Thurber Raiders snatch season opener from the Lacombe Rams

Red Deer game saw 44-8 win for the Raiders

City crews clean up Lacombe yard

Loads of debris were taken out of the residence property on Sept. 21st

Wolf Creek Schools raises Treaty 6 flag for first time

Chiefs, school officials took part in a ceremony that is aimed at acknowledging Treaty 6 land

Lacombe Generals looking to capture Allan Cup on home ice

Generals returning key veterans in hopes avenging last years finals loss

Unsightly properties upcoming focus for Bylaw Enforcement

Clean up of long-standing, problematic properties will begin on Sept. 21

WATCH: AHS breaks ground on new Lacombe Community Health Centre

17,000 sq. ft. facility will bring existing Lacombe AHS services together

Trump drains oxygen from Trudeau foreign policy with PM, Freeland bound for UN

A lot has changed since the Liberals came to power in Canada in 2015

Coaches, players on Alberta university rugby team buckle up for the Broncos

16 people died when Humboldt Broncos bus collided with a semi-truck in rural Saskatchewan

The Vatican ‘owes God an apology,’ activist says in letter to Pope Francis

Letter came after a report on sexual abuse of more than 1,000 children in six Pennsylvania dioceses

Ottawa to name new ambassador for women, peace and security, Freeland says

Chrystia Freeland also confirmed Canada would spend about $25 million to fund number of initiatives

‘A little bright spot:’ Ottawa residents rescue dog trapped beneath rubble

Freelance journalist says rescue of a dog trapped under rubble was happy ending amid chaos in Ottawa

VIDEO: Inside an eerily empty mall in Canada

Only nine of 517 retail spaces are open for business as the grand opening postponed to next year

Tens of thousands without power following tornado in Ottawa region

Hydro Ottawa says more than 170,000 customers were without power early this morning

BALONEY METER: Do Liberal policies mean a typical family is $2,000 richer?

MPs took to Twitter to talk how ‘typical’ Canadian families have more money due to Liberal policies

Most Read