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Posted on: October 25, 2022

2023 Budget

Lacombe City Council reviews 2023 Operating Budget Draft

Lacombe, Alberta (October 25, 2022) – Lacombe City Council received a draft of the 2023 Operating Budget based on Council's desire to limit the tax increase to 5.4 percent, plus an additional one percent Special Paving tax.

The 5.4 percent tax increase translates to approximately $864,000 in additional tax revenue. The Special Paving Tax represents an additional $160,000 designated to maintain overall road conditions, supporting the Road Asset Management Plan that was presented to Council on May 3, 2021.

"Lacombe City Council is encouraged after receiving a draft of the 2023 Operating Budget, which aligns with Council's goal of maintaining tax increases to inflation," Mayor Grant Creasey said. "Council looks forward to deliberating this budget and how it will affect our citizens at the upcoming Budget Workshop."

The 2023 Budget process started in June 2022,

If you would like to have your say on the 2023 Budget, please visit lacombe.ca/CouncilConnect and fill out the form provided.

Utility Funded Operations

Water

The 2023 budget for the Water Department revenues is $306,546 higher than the 2022 approved budget.

The proposed 2023 Operating Budget includes a 5.4 percent increase in user fee revenue, offset largely by a $270,177 increase in transfer to the water reserve.

Wastewater

The overall proposed 2023 revenue budget for the Wastewater Department is approximately $140,000 higher than the 2022 approved budget, with a $179,622 increase in transfer to the wastewater reserve.

The proposed 2023 Operating Budget includes a 2.4 percent increase in user fee revenue.

Solid Waste

The proposed 2023 Operating Budget for the Solid Waste Department revenue is $116,136 higher than 2022.

This is approximately 3.6 percent higher user fee revenue than the 2022 approved budget.


Lacombe City Council presented with 2023 Capital Budget

Lacombe, Alberta (October 25, 2022) – Lacombe City Council received a draft of the 2023 Capital Budget, which includes 32 projects at the anticipated cost of $10.35 million.

If approved, the Budget funding sources include: $2.87 million from grant funding, $6.04 million from reserve fund withdrawals, $690,000 from other sources, and $750,000 from debentures.

“Council is excited to get the 2023 Capital Budget off the ground,” Mayor Grant Creasey said. “This draft will help Council at our upcoming Budget deliberations ensure that our residents are getting the maximum return on their investment into our community.”

The proposed funding will be distributed amongst four divisions, including $74,410 towards the Lacombe Police Service, $1,697,500 towards Corporate Services, $7,392,060 towards Operations and Planning Services, and $1,189,000 towards Community Services.

Council will deliberate the proposed 2023 Capital Budget and any proposed amendments at a future Lacombe City Council meeting.


Lacombe City Council receives proposed 2023-2032 Capital Plan

Lacombe, Alberta (October 25, 2022) – Lacombe City Council received a draft of the 10-year Capital Plan, which outlines Council’s future capital priorities.

The estimated capital expenditures represented in the 2023-2032 Capital plan are $80.7 million (before inflation).

The plan also identifies potential funding sources, including third-party contributions, debenture borrowing, grants and reserve contributions.

The first year of the Capital Plan is the 2023 Capital Budget, which will be approved to authorize capital expenditures. The remaining 9 years (2024-2032) are for planning and do not authorize capital spending. The plan does meet provincial and federal requirements for multi-year capital planning.

Significant projects in the 10-year Capital plan include:

1. 2023 Capital Works Program – $5.7 million
2. Fire Station Building (2023 - $0.5 million, 2025 - $4.5 million) – $5.0 million
3. Fire Ladder Truck Replacement – (2023 $0.5 million, 2025 $0.7 million, 2026 $1.1 million) - $2 million
4. Roads Renewal Program - Capital Works – (2024 - 2032) - Total Cost $16.2 million
5. New water reservoir and decommissioning of Pumphouse B - (2025 - $0.2 million, 2026 - $1.0 million, 2027 $9.8 million) – Total Cost $11.0 million

The 10-year Capital Plan is updated every year during the annual Budget process. Council will deliberate the proposed plan at upcoming Regular Council Meetings.

For additional information, contact:

Todd Vaughan
Communications and Community Engagement Coordinator
(403)782-1236 office
(403)877-4394 cell
tvaughan@lacombe.ca


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