At its May 11th meeting, Council approved the Lacombe County 2017 operating and capital budgets and tax rate bylaw. As indicated in the interim budget, municipal tax rates for 2017 will increase by 1% for residential, farmland and non-residential properties over 2016 rates.
The 2017 operating budget of $65,795,590 includes $11,519,020 for the Alberta School Foundation Fund requisition and $403,440 for the Lacombe Foundation requisition. The budget increase of $6.16 million from 2016 is largely due to a $5.8 million commitment to the West QEII Water/Wastewater Servicing project. In addition, the 2017 capital budget of $19,536,550 has increased by $1.5 million from last year.