At its May 14, 2020 meeting, Council approved the Lacombe County 2020 operating and capital budgets and tax rate bylaw. With immense uncertainty caused by the COVID-19 pandemic as well as the crash in world oil prices, Lacombe County Council voted in favour of a 0% increase in municipal tax rates for all property classes.
The 2020 operating budget of $68,306,860 includes $11,995,650 for the Alberta School Foundation fund requisition, $408,240 for the Lacombe Foundation requisition and $323,280 for the Designated Industrial Property requisition. The budget increase of $7.762 million reflects increased contributions to capital projects funded from various provincial and federal grants and changes in contributions to our partnering urban centres for shared costs in recreation and fire. New in 2020 is an annual contribution to provincial police for $299,200 with service commencing on April 1, 2020.
The 2020 capital budget of $33,546,220 has increased by $13.517 million from 2019 to accommodate several paving projects, including Centerview Road (Twp 41-2), Range Road 27-4, and Woodynook Road, as well as a significant utility servicing project in the Wildrose Industrial Park.
Media Release - Lacombe County Council approves 2020 Final Budgets & Tax Rates