For Immediate Release / December 21, 2020
Council Approves 2021 Budget
At the December 21, 2020 City Council Meeting, St. Albert City Council approved the proposed Financial Plan and 2021 Budget, as amended following the City’s budget deliberations process. The Financial Plan and 2021 Budget includes the 2021 municipal and utility operating and capital budgets. The past year has been marked globally by the COVID-19 pandemic, which is anticipated to result in long-term financial, economic, and social impacts. As a result, the approved budget takes into consideration impacts to the City’s operations due to the pandemic, to best accommodate the new reality.
The 2021 Budget includes an average property tax increase of 0.7 per cent and an average utility rate decrease of 0.03 per cent. Opportunities for public input were held online and through virtual engagements throughout October and November 2020. The budget highlights are as follows:
Municipal Budget – The approved net municipal tax requirement of $112 million results in a 0.7 per cent property tax increase. For an average house valued at $450,000, this means a tax increase of $25 per year.
For 2021, the municipal capital plan investment includes:
- 30 municipal capital projects to repair, maintain or replace existing infrastructure, valued at $26.0 million; and,
- 17 municipal growth capital projects valued at $35.8 million.
Utility Budget – Utility rates in 2021 were approved to be 0.03 per cent lower than in 2020, with a typical monthly utility bill of $133.04.
For 2021, the utility capital plan investment includes:
- 11 utility capital projects to repair, maintain or replace existing infrastructure, valued at $19 million.
- 1 utility growth capital project valued at $0.5 million.
“Council had many meaningful debates on how to best determine this budget,” says Mayor Cathy Heron. “We heard from many people through engagement opportunities and Administration prepared a sound budget with many options for Council’s consideration. The COVID-19 pandemic has presented an opportunity to make some hard decisions about our budgets. We strove to find a balance between fiscal restraint and maintaining those key services our community expects and City Council has done just that.”
For more information on the approved financial plan and 2021 budget, as well as the full approved budget document (to be added in 2021), visit the the 2021 Budget page.
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Last edited: December 21, 2020