December 17, 2008
Lacombe County Council Adopts 2009 Budget
(Lacombe, Alberta) – Council approved Lacombe County’s 2009 Operating and Capital budgets on Wednesday, December 17. The Operating budget, which provides for revenues and expenditures of $42,636,613, is $174,058 less than the 2008 budget, not including the requisition from the Lacombe Foundation for $280,900.
The Capital budget of $5,162,708 is approximately 42% less than the 2008 Capital budget.
In spite of cost increases in a number of areas of the County’s operations, Council and Administration were able to develop a budget which addresses future needs without having to increase the municipal tax rate. Residential tax rates remain at 2.12, while Farmland and Non-Residential rates are unchanged at 4.20. The requisition from the Lacombe Foundation represents the addition of .0454 of a mill to the overall tax rate.
“Council has responded to increasing development pressures through an ongoing process of strategic planning and sound fiscal management,” said Lacombe County Reeve Terry Engen. “By continuing to plan for future needs we’re able to maintain service delivery standards for our ratepayers, even in these uncertain economic times.”
Lacombe County tax rates are well below average compared to most other municipalities. Municipal tax revenue accounts for slightly more than half of the County’s operating funds, with provincial and federal grants, user fees and other revenue sources making up the balance.
For the 2009 Capital budget, the largest share of expenditures is dedicated to Administration and Public Works, with Fire Protection, Agriculture, and Sewer costs accounting for most of the balance. Over 65% of the Operating budget is allocated to Public Works, which actually reduced its budget slightly from 2008.
Major projects for 2009 include paving of the Alix North Road and the Spruceville Road extension at a combined cost of approximately $9.32 million.
The County’s overall 2009 tax rate will be established in April 2009, once the County receives the Alberta School Foundation Fund requisition from the provincial government.
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For more information contact:
Terry Hager Terry Engen
County Commissioner Reeve
Lacombe County Lacombe County
(403) 782-6601 (403) 782-6601