2018 Budget

Annually, Town Council adopts a budget that guides capital and operating expenditures for the given year.

The 2018 Budget represents a fiscally responsible strategy that identifies key areas of investment in the community as well as a prioritized capital plan that aligns with reduced operational expenditures.  The Town of Drayton Valley will continue to focus on economic development that encourages community growth while ensuring value for residents.
To read the full press release, click here

The Town Budget has two components:

Operating Budget
The Operating Budget is where the money to keep programs and services running on an on-going basis is represented.

Capital Budget
The Capital Budget represents a finite amount of money to be invested in specific projects

2018 Budget Highlights
2018 Budget Powerpoint
2018 Millrate Bylaw 2018/06/F
2018 Final Budget Infographic
2018 Tax Infographic
2018 Fee Schedule
2018 Interim Budget

The average municipal tax bill is comprised of three elements:

Municipal Property Tax
Municipal property 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 Foundation
the Town receives a requisition from the Brazeau 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.