Council VideosWatch All Videos
In order to add items, you'll need to create an account on the site. To do this, click on Log In.
During a Special Meeting of Council on December 15, 2023, Town Council passed the Capital and Operating Budgets for 2024. Town Council has dedicated funding towards operational efficiencies, core service delivery and important infrastructure improvements in Drayton Valley.
- Municipal tax revenue increase of $652,820
- $391,877 for municipal services
- $260,943 for capital investments.
The average residential increase $10.85/month or $130.15/year
The average commercial increase $69.73/month or $836.76/year
Millrate will be determined in the spring of 2024 following the receipt and review of property assessments.
The full press release can be found here
$6.51/month – Residential
$41.86/month – Commercial
- Sustainable Housing Strategy
- Security Cameras at Omniplex
- Funding Community Groups
- 1 Additional ECDC Staff Member
- Emergency Management Contractor
- Organizational Training Opportunities
- 1 Vac Truck Operator
$4.34/month – Residential
$27.87/month – Commercial
- Sanding Equipment for tandem truck & one ton truck
- Fire Department Command Truck
- Fire Department Equipment Storage
- IT Server Replacement
- 50th Avenue East Improvements
- Wastewater Treatment Augmentation
- Water Distribution Line Connection
Fixed Costs and Inflation Impacts
- Utilities up 19% over last 5 years
- Insurance up 41.14% over last 5 years
- RCMP costs up 28.65% over last 5 years
- Wildfire $500,000 – paid over three years out of reserves
The Town must balance its budget each year to cover the full cost of municipal expenses, debt repayment and transfers to reserves. Unlike other levels of government, the Town is not allowed to budget for a deficit. Town Council must ensure that enough revenue is available to continue daily operations and fund capital projects. Slight increases will be applied to the Town’s fee schedule to account for inflation and prevent larger increases in later years. As always, Administration will apply for grants throughout the year to realize savings on certain projects to minimize the draw on tax dollars.
The Town’s main sources of revenue are:
- Debenture (borrowing)
- User Fees
- Developer Fees
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
The Operating Budget
The operating budget is where the money to keep programs and services running on an on-going basis is represented.
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.
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.
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