Lacombe council shares targets for 2025 property taxes and budget schedule
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: