For Immediate Release | December 18, 2018
City Approves 2019 Budget
Limited spending and maintained service levels for residents
At the December 17, 2018 Council Meeting, St. Albert City Council approved the 2019-2021 City Business Plan and the 2019 municipal and utility operating and capital budgets. In approving these budgets, Council has taken into consideration the current state of the economy, limiting spending and maintaining service levels.
“This year’s budget includes an average tax increase of 0.4 per cent and an average utility rate decrease of 0.01 per cent,” says Mayor Cathy Heron. “I’m extremely proud of the hard work Administration and Council have done throughout this budget process. Once again, the tax increase is below the consumer price index and the municipal price index. We have worked hard to find new revenue, as well as to hold the line on expenses and staff increases.”
Opportunities for public input were provided through Open House/Townhalls and at various budget meetings in November. The budget highlights are as follows:
Municipal Budget - The approved net municipal tax requirement of $104.8 million (including new revenues from the electrical franchise fee) results in a proposed 0.4 per cent property tax increase. For an average house valued at $450,000, this means a tax increase of $11 per year.
For 2019, the municipal capital plan investment includes:
- 34 municipal capital projects to repair, maintain or replace existing infrastructure, valued at $28.3 million; and,
- 22 municipal growth capital projects valued at $34 million.
Utility Budget - Utility rates in 2019 were approved to be 0.01 per cent lower than in 2018, with a typical monthly utility bill of $133.31.
For 2019, the utility capital plan investment includes:
- 11 utility capital projects to repair, maintain or replace existing infrastructure valued at $8.8 million.
Full details on the budget can be found on the City website at budget.stalbert.ca.
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