Lacombe County Council is opposed to a Province of Alberta proposal to change how oil and gas wells, pipelines and associated machinery and equipment are assessed for property tax purposes. If approved, the changes would significantly impact residents and businesses in Lacombe County, either by significantly higher municipal taxes, reductions in services, or a combination of both.
“There is no doubt that the last few years resulted in some challenging budgets, and we didn’t expect that to change anytime soon,” said Reeve Paula Law. “However, municipalities have been hit again and again, when combined with increased policing costs, reduced grant funding, and COVID-19 related property tax deferrals. We have been able to shoulder much of that burden for our ratepayers and businesses, but if these assessment model changes go through, it will have huge impacts that we won’t be able to absorb through our reserves.”