City says utilities budget focusses on stability and sustainability
On Tuesday, Red Deer city council will learn more about The City’s financial state as they receive an updated financial profile and debate the 2025 Utilities Budget.
City officials say the utilities budget includes the proposed 2025 operating and capital budgets for the City-owned/self-funded utilities, which includes electric utility, water utility, and waste management utility.
“Our primary focus in this utilities budget is ensuring the long-term sustainability of our services while maximizing the value of the community’s assets,” said Sarah Tittemore, Community Services General Manager. “This involves a thoughtful balance of investing in infrastructure and maintaining the necessary operational supports. The proposed budget achieves this balance, providing customers with stable and predictable rates.”
City officials say administration is recommending rate increases in all three utilities. The anticipated total monthly increase for the average residential customer will be approximately $10.37*.