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On December 22, 2021, Town Council approved an Interim Operating Budget, a Final Capital Budget as well as the Final Fee Schedule for 2022
The 2022 Budget will focus on strategies and priorities that support Council’s long-term vision for Drayton Valley including pursuing opportunities that strengthen and diversify the local economy, building a sustainable infrastructure and asset management plan and making Drayton Valley a community of choice to live, work and invest.
“I am excited about the work ahead,” said Mayor Nancy Dodds. “We are setting our community up for success and it feels great to begin this important work and build the framework for the next four years. As we see signs of recovery and new businesses opening up, it is essential that we are aligning our priorities and tax dollars in a meaningful way. The priorities that we have set will support new and ongoing economic development opportunities, sustainable infrastructure initiatives and making Drayton Valley a community of choice in rural Alberta.”
Watch our short video on the 2022 Interim Budget from Mayor Nancy Dodds!
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.
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.