Leduc County Council approves 2024 interim budget
Yesterday Leduc County Council approved the 2024 interim municipal budget, which represents a 1.79 per cent tax increase over the 2023 final budget.
The interim budget outlines how municipal tax dollars will be used for 2024, and allows important projects to proceed or continue until the final budget is approved in the spring.
The interim operating budget, which covers day-to-day municipal operating expenses, is set at $96.2 million, which includes $26.9 million in provincial requisitions collected on behalf of the Government of Alberta and the Leduc Regional Housing Foundation.
The interim capital budget, which includes infrastructure costs for buildings, roads, bridges and equipment, is $14.7 million.
"Our 2024 interim budget strikes a balance between the need for infrastructure investment and fiscal responsibility," said Leduc County Mayor Tanni Doblanko. "We're funding road and bridge projects, utility infrastructure, public transit and more with a capital budget of nearly $15 million. During deliberation we also considered what we've heard from citizens over the past year and how we can continue to support residents and businesses. The budget achieves this through cost-shares, Family and Community Support Services programming and funding for partner agencies."
Council will approve the final budget and set tax rates in the spring. Once the tax rates are set, tax and assessment notices are mailed out to all ratepayers.
2024 interim budget highlights
- $12.4 million for road projects and maintenance
- $1.58 million for bridge projects
- $1.9 million in cost-share recreation support to five partner municipalities
- $1.1 million for the Warburg arena renovation
- $312,500 for support to not-for-profit facilities and community recreation and cultural grants
- $150,000 for support to six libraries
- $6,000 for a seniors transportation subsidy program
- $3.17 million in upgrades to utility infrastructure at the New Sarepta reservoir and pumphouse
- $1.36 million for emergency services equipment and apparatus
- $733,500 for public transit buses and an increase to transit service