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2020 Interim Budget
Annually, Town Council adopts an interim budget that guides capital and operating expenditures for the given year.
““These are challenging yet exciting times for Drayton Valley;” commented Mayor Michael Doerksen, “opportunities in new industries and Council’s dedication to diversifying our economy are laying the foundation for a community to bounce back and become sustainable.””
To read the full press release, click here
The Town budget is made up of two components:
The capital budget represents a finite amount of money to be invested in specific projects
The operating budget is where the money to keep programs and services running on an on-going basis is represented.
- 2020 Interim Highlights
- 2020 Interim Budget Video
- 2020 Interim Budget Infographic
- 2018 Audited Financials
Your Tax Bill is made up of three components
Did you know…..approximately 33% of your municipal tax bill goes directly to other agencies
The municipal portion of property taxes collected goes toward funding the services and amenities that help make Drayton Valley a great place to live, work, and play.
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.