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Annually, Town Council adopts a budget that guides capital and operating expenditures for the given year.
“Prudent and strategic planning for this year’s budget has put us ahead financially from where we were a year ago; this has allowed Council to approve a relief in municipal taxes for our residents and business owners. ” remarked Mayor Michael Doerksen. “Council has worked hard to prioritize projects and services to ensure residents are getting the best value for their tax dollars.”
To read the full press release, click here
The Town Budget has two components:
The Operating Budget is where the money to keep programs and services running on an on-going basis is represented.
The Capital Budget represents a finite amount of money to be invested in specific projects
Watch a short video on this years budget and learn about Council’s Priorities and upcoming projects!
The Tax Instalment Payment Plan is an efficient and convenient way to make monthly pre-payments towards your property tax account. The payment is automatically withdrawn from your bank account the first business day of the month.
The average municipal tax bill is comprised of three elements:
Municipal Property Tax
Municipal property 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.