Red Deer city council to consider multi-year budgeting

“Many of the decisions council makes have financial implications beyond a single year,” said Sam Mugford, Chief Financial Officer, in a media release. “Multi-year budgeting would bring more of that information into the same conversation, helping council consider service needs, infrastructure investments and affordability over a longer period.”

Per the City of Red Deer, administration’s recommendation includes:

A three-year operating budget covering 2028–2030.

A four-year capital budget covering 2028–2031.

Annual reviews, monitoring and opportunities to amend future-year budgets.

A move to four-year operating budgets after the initial three-year cycle.

If the proposal is approved on Tuesday, administration would then prepare a plan for how multi-year budgeting would work, including information on when budgets would be discussed, how they would be reviewed and updated each year, how financial results would be reported, and how residents could learn more and provide input.

“An approved multi-year budget would still need to respond to changing circumstances,” Mugford added. “Annual reviews would allow Council to consider updated forecasts and make adjustments while maintaining a clearer view of the years ahead.”

It’s important to note that the proposal, if approved, would not approve spending for the 2028–2031 period. The 2027 budget process would continue under the current annual approach.

Budget information is available at reddeer.ca/budget .

by rdnewsNOW staff

Red Deer city council to consider multi-year budgeting

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