At its May 10 meeting, Council approved the Lacombe County 2018 operating and capital budgets and tax rate bylaw. As indicated in the interim budget, municipal tax rates for 2018 will increase by 2.5% for residential properties, and by 4.5% for farmland and non-residential properties over 2017 rates.16 rates.
The 2018 operating budget of $67,843,470 includes $11,361,459 for the Alberta School Foundation Fund requisition and $401,461 for the Lacombe Foundation requisition. The budget increase of $2.05 million reflects increased costs related to inflation, increases in the carbon tax, as well as funding for new initiatives such as the RCMP enhanced position to help combat crime in our area.
In addition, the capital budget of $28,932,360 has increased by $9.4 million from last year to accommodate for several significant paving projects, including the Alix North Road, Sandy Point Road (Range Road 1-1) and Centerview Road (to name a few), as well as Lacombe County’s contribution towards water/wastewater services the lands adjacent to the Highway 2 and Highway 12 interchange.