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Annually, Town Council adopts a budget that guides capital and operating expenditures for the given year.
Town Council passed the 2021 Final Budget during a Special Meeting of Council on May 5, 2021. Following a thorough and comprehensive review of capital projects and operational expenses, Town Council’s priorities will focus on core service delivery, upgrading outdoor recreation amenities and initiatives that encourage economic growth and support the business community while continuing to hold taxation at 0%. 2021 will be approached as a planning year following a busy construction season in 2020 that saw the completion of a number of high priority projects in the community.
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, learn how your taxes are calculated, and what you can expect in 2021!
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 The payment is automatically withdrawn from your bank account the first business day of the month.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.