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2021 Interim Budget
Annually, Town Council adopts an interim budget that guides capital and operating expenditures for the given year.
Town Council approved the Interim Budget for 2021 at a Special Meeting of Council on Wednesday, December 9, 2020. Following a difficult year, Town Council has reprioritized capital and operational expenses and will be focusing on core service delivery as well as key initiatives that drive economic diversification while continuing to hold taxation at 0%. In 2021 Town Council is also set to deliver on a number of priorities leading into the election year.
“I am incredibly proud of the work that was achieved this year,” stated Mayor Michael Doerksen. “By injecting an additional $2 million into capital spending we were able to provide work to our local contractors which in turn increased spending in our town. The work that we have been able to do in the last year to support our business community is putting Drayton Valley on the map and is changing the narrative from negative to positive. 2020 proved to be a challenging year but through smart planning and appropriate spending, we have been able to weather the storm and have come out better than most small communities in Alberta. We have built our 2021 Interim Budget based on a 0% increase in taxation and have prioritized operational and capital expenses in order to maintain the Town’s healthy financial status. While we can’t predict what 2021 has in store for us, one thing I know for sure is that residents will be kept top of mind and we will continue to pull together for the good of the community.”
To read the full press release, click here.
Watch our short video on the 2021 Interim Budget!
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.
INTERIM 2021 Fee Schedule
- 2021 Interim Highlights
- 2021 Interim Budget Video
- 2021 Interim Budget Infographic
- 2019 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.