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The Town of Drayton Valley was presented the Interim Budget on December 14, 2017. Passing an Interim Budget is part of the Municipal Government Act (MGA) for all municipalities in the Province of Alberta and must be passed no later than December 31st of that year. This part of governance allows the municipality to operate until the Final Budget is passed.
The Town of Drayton Valley passed the Final Budget on April 26, 2017. Below you can find documents in relation to budget and governance.
The average municipal tax bill is comprised of three elements:
Municipal tax rates are determined by the programs, services, and infrastructure needs of residents and businesses. Tax Rates are applied to the assessed value of properties within the municipalities.
Education Property Tax
Every year the province calculates, based on assessment value, the amount each municipality must contribute towards the public education system. Municipalities collect the education property tax from rate payers and then forward it to the province for a deposit into the Alberta School Foundation Fund.
Brazeau Seniors Foundation
the Town receives a requisition from the Brazeau Seniors Foundation which provides affordable seniors housing. Under the Alberta Housing Act, the Town is required to collect these funds from the municipality property owners, similar to the education requisition.