(ID 315469270 © Andrey Popov | Dreamstime.com)

By rdnewsNOW Staff

3.2 PER CENT MAXIMUM

Lacombe council shares targets for 2025 property taxes and budget schedule

Aug 14, 2024 | 1:28 PM

Budget season is quickly approaching and Lacombe’s city council is hoping to keep next year’s property tax increase to a maximum of 3.2 per cent.

In the August 12 meeting, council received a report on the 2025 budget timelines, policies related to property tax increases, cost-of-living adjustments and projected 2025 budget change requests.

In preparation for deliberation and adoption of the 2025 Operating Budget and Capital Budget, council directed administration to provide a draft Operating Budget with a property tax increase target of less than or equal to 3.2 per cent, and a cost-of-living allowance increase of 3 per cent.

Steps towards this deliberation are predicted as follows:

• Monday, October 7, 2024 – Operating – Presentations by Agency Groups- that are above guidelines
• Tuesday, October 15, 2024 – Operating – Draft Operating Budget and 3-year Operating Plan presented to Council, Draft 2025 Capital Budget and 10-Year Capital Plan presented to Council
• Tuesday, October 29-30, 2024 – Budget Workshop
• Tuesday, November 12, 2024 – Operating and Capital – Revised 2025 Operating and Capital Budget Presentation and Deliberations (and Possible Adoptions)
• Monday, November 25, 2024 – Operating and Capital – 2025 Operating and Capital Budget Deliberations (and Possible Adoptions)
• Monday, December 9, 2024 – Operating and Capital – 2025 Adoption of Operating and Capital Budgets (if required)

Citizens on Patrol needs new members in Ponoka

3h ago

Beginning Sept. 16, 2024

Updated road closure date for hospital parkade work

6h ago

CRITICAL FUNDRAISER

Aspire Special Needs Resource Centre treats residents with an Evening of Decadent Dessert

6h ago

—

For local news delivered daily to your email inbox, subscribe for free to the rdnewsNOW newsletter by visiting rdnewsNOW.com. You can also download the rdnewsNOW mobile app on Google Play and the Apple App Store for all the latest updates on this and other stories.