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2023 Budget
During the Regular Meeting of Council on December 7, 2022, Town Council passed the 2023 Operating and Capital Budgets. Town Council has dedicated funding towards the maintenance, upgrades and replacement of Town assets, equipment and infrastructure as well as projects that enhance economic opportunities, safety, and quality of life in Drayton Valley.
In 2022, Town Council developed and adopted a Corporate Business Plan that provides long-term focus and direction for municipal services, initiatives and programs that support Town Council’s strategic goals for the community. This document, as well as strategic planning sessions and subsequent discussions were used to guide budget deliberations and ensure that the Budget aligned with the strategic priorities of Council and the best interests of the community.
The 2023 Budget balances Town Council’s prioritized strategic plan for operational and capital expenditures with the realities and impacts of inflation. Over the last year, considerable efforts were made to mitigate costs, maintain service levels, make adjustments and find operational efficiencies to maximize tax dollars. In order to undertake and complete the work as outlined in the budget, taxes will be increasing by 5.5%. This will ensure the continued sustainable operation of services, and allow the Town to increase and expand its services in the community.
The final impact to residential and commercial taxation will be realized in the spring of 2023 following the receipt and review of property assessments.
Highlights of the 2023 Budget and what residents can expect include:
-
Beautification
- installation of festive outdoor lighting
- replacement of the scoreboard at the Omni 1 arena
- flashing lights at four crosswalks
- expansion of the disc golf course at Ivan To Park
- installation of welcoming and way-finder signage along major access points in the community
- incorporation of a weed spraying program to improve appearance of parks and green spaces
-
Economic Development
- provision of resources and support for existing businesses
- expansion of educational programming
- attracting new investment and encouraging growth through the development of Town owned lands
- improvements to the airport
- preparation of a downtown revitalization plan to increase investment opportunities
-
Infrastructure
- rehabilitation of landfill cell three
- main valve replacements
- improvements to 50th Avenue (east)
- improvements to the wastewater treatment plant
- implementation of an asset management program
- upgrading two km of sidewalks and walking trails
-
Protective Services
- addition of a level one Community Peace Officer
- installation of security cameras in community spaces and at Town facilities
- protective and communication equipment and the addition of a pumper truck at the Drayton Valley Fire Station
“We are continuing to invest in our community, our economy, and in our residents; our budget ensures that we continue to deliver quality services that our residents rely on and have come to expect.” said Mayor Nancy Dodds. “We have tailored our 2023 Budget to respond to the needs of the community while planning for Drayton Valley’s economic recovery and future growth.”
To view the full press release for the 2023 Budget, click below!
View the 2023 Budget infographic below!
HOW YOUR TAX DOLLAR IS SPENT
BUDGET COMPONENTS
The Town budget is made up of two components:
The Capital Budget
The capital budget represents a finite amount of money to be invested in specific projects
and;
The Operating Budget
The operating budget is where the money to keep programs and services running on an on-going basis is represented.
2023 Final Operating Budget
2023 Operating Project Listing
2023 Capital Budget Listing
2023 Fee Schedule
2023 ECDC Fee Schedule
2022 Audited Financial Statements
DID YOU KNOW?
Your Tax Bill is made up of three components. 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.
- Property Assessment
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.
2. 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.
3. 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.
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