On November 30, Lacombe County Council adopted the County’s 2019 interim operating and capital budgets. Following the priorities set out in the County’s Strategic Plan and its long-range road construction and capital equipment replacement plans, the budget reflects the desire to support the maintenance of existing service levels while managing the County’s spending in a responsible manner that reflects the current economic situation.
The $55,212,370 interim operating budget is balanced and supported by a 2.0% property tax rate increase for residential properties, a 3.5% tax rate increase for farmland and 4.5% property tax rate increase for all other properties and a transfer of $67,630 from the tax rate stabilization reserve. The 2.0% property tax rate increase represents an additional $20.04 in taxes on a $400,000 residential property.
The 2019 interim capital budget, which provides for revenues and expenditures of $15,827,070, sees a decrease of $13.105 million from last year’s budget. Highlights of the capital budget include:
- Carry-over funding to extend water and wastewater services from the City of Lacombe to County lands west of the QEII, including the Wildrose Industrial Park.
- Construction and rehabilitation of 19 kilometers of local roads ($4.5 million)
- Decreases in road projects ($12.2 million), bridge projects ($137,750), equipment/vehicle replacements ($676,410), and recreation projects ($158,400).
pdf Interim Capital Summary Budget 2019 (84 KB)
pdf Consolidated Interim Operating Budget 2019 (111 KB)