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Small tax rate increase for Blackfalds in 2019

Nov 28, 2018 | 3:33 PM

Blackfalds residents are in store for a modest tax rate increase next year.

On Tuesday, council approved the 2019 budget with a 1.5 per cent tax rate increase.

Town officials say the budget was developed with a three-year forecast in mind, as well as a ten-year funded Capital Projects plan, allowing the municipality to continue providing economic sustainability to residents.

 “The Town of Blackfalds continues to show unprecedented growth that resulted in the Town’s population eclipsing the 10,000 mark, as noted in the 2018 Census,” explains Mayor Richard Poole in a press release. “With this sustained growth, the Town has taken a conservative view and prioritized spending on what would benefit its residents.”  

Based on feedback received through the Citizen Budget online engagement, the September 10 public open house, and the Town’s current economic reality, officials say setting the tax rate increase at 1.5 per cent is well below the Consumer Price Index for Alberta.

With a growing population base and the majority being young families, Town officials say their focus continues to be investing in the community through programing services as well as maintaining and expanding its infrastructure. 

Key projects in the 2019 budget include: an emergency radio system conversion, firefighter equipment replacement and an emergency generator in Protective Services.

Elsewhere, a next phase solar energy program, continued East Railway Street Upgrades, Athletic Park master plan continuation, East Area Storm System and Wetlands continuation and a vehicular wayfinding signage project.

With the Province now requiring a balanced five year capital budget, Town officials have established a 10-year balanced capital budget with a total of $78 million planned for the next ten years.

The funding plan has identified $15 million in debentures over the ten years with the payments included in current taxation rates.

This plan also includes new development, equipment and vehicle purchases, development projects for growth and maintenance of existing assets.