Lacombe city council receives draft Capital and Operating Budgets

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Council will deliberate the proposed 2023 Capital Budget and any proposed amendments at a future Lacombe city council meeting.

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Meantime, Lacombe city council has also received a draft of the 2023 Operating Budget based on council’s desire to limit the tax increase to 5.4 per cent, plus an additional one per cent Special Paving tax.

City officials say the 5.4 per cent tax increase translates to approximately $864,000 in additional tax revenue. The Special Paving Tax, meanwhile, represents an additional $160,000 designated to maintain overall road conditions, and supporting the Road Asset Management Plan that was presented to Council on May 3, 2021.

“Lacombe city council is encouraged after receiving a draft of the 2023 Operating Budget, which aligns with council’s goal of maintaining tax increases to inflation,” Mayor Grant Creasey said. “Council looks forward to deliberating this budget and how it will affect our citizens at the upcoming Budget Workshop.”

City officials note the 2023 Budget process started in June 2022. If you would like to have your say on the 2023 Budget, please visit lacombe.ca/CouncilConnect and fill out the form provided.

Utility Funded Operations

Water

The 2023 budget for the Water Department revenues is $306,546, higher than the 2022 approved budget. The proposed 2023 Operating Budget includes a 5.4 per cent increase in user fee revenue, offset largely by a $270,177 increase in transfer to the water reserve.

Wastewater

The overall proposed 2023 revenue budget for the Wastewater Department is approximately $140,000, higher than the 2022 approved budget, with a $179,622 increase in transfer to the wastewater reserve. The proposed 2023 Operating Budget includes a 2.4 per cent increase in user fee revenue.

Solid Waste

The proposed 2023 Operating Budget for the Solid Waste Department revenue is $116,136, higher than 2022. This is approximately 3.6 per cent higher user fee revenue than the 2022 approved budget.