December 2016 News Archive

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Recommended 2017 Operating Budget released  

December 8, 2016 11:06 AM
(Red Deer, Alberta)

With a focus on sustainability for people and services, the recommended 2017 Operating Budget considers the current state of growth, economy and maintaining quality of life for Red Deerians.

Red Deer City Council will begin reviewing The City’s 2017 Operating Budget on Tuesday, January 10, as the next step in the 2017 budget process. The $105 million 2017 Capital Budget was approved on November 23, 2016.

“The City and our community have faced many challenges this year. The proposed 2017 Operating Budget aims to balance the need to maintain core City services, while using resources effectively and responsibly,” said City Manager Craig Curtis. “It’s important we invest in key areas, while ensuring social equity by freezing fees for residents in areas such as recreation and transit.”

The proposed budget is based on Council’s Strategic Plan and initiatives in City department service plans.

“The capital and operating budgets are one way administration puts Council’s strategy into action for the community,” said Curtis. “At a time when our economy is impacting individuals and businesses in our community, we need to plan for sustainable services while doing what we can to help those affected by this economic climate.”

The 2017 Operating Budget being recommended by administration considers City Council’s direction that the property tax increase does not exceed two and a half per cent in 2017, which must include a one per cent capital contribution (amenity and growth).

“Our recommended operating budget reflects the economy, while sustaining City services,” said Chief Financial Officer Dean Krejci. “The budget being recommended to Council has an increase of $3.2 million or the equivalent of a 2.51 per cent tax increase in the municipal portion of a property tax bill. This includes one per cent for capital for amenities and growth,” said Krejci. “However, this figure is only a starting point and will be impacted by Council debate.”

Based on the submitted budget, a home which experienced an average assessment value change of $325,000 for the 2017 tax year may see an approximately $50.00 increase per year in the municipal portion of their taxes. This does not include any changes to the education portion of property taxes as these won’t be known until later this year when the province releases its budget.

Administration will present its Operating Budget, including Funding Adjustment Recommendations (FARs) to City Council for consideration on January 10 and debate will continue on January 11 through 13. Dates are also held for January 16, 17 and 18 if required.

As part of the 2017 Operating Budget process, citizens have the opportunity to review the budget and provide feedback to Council before it is considered. Feedback can be provided by email to legislativeservices@reddeer.ca or in writing at City Hall, Collicutt Centre, Red Deer Public Library Downtown Branch, and G.H. Dawe Community Centre Branch. Copies of the budget are also available at those locations. Budget details can also be found online at www.reddeer.ca/budget. The deadline to submit feedback is 4:30 p.m. on Thursday, December 22.

For more information, please contact:

Craig Curtis
City Manager
The City of Red Deer
403-342-8156

Dean Krejci
Chief Financial Officer
The City of Red Deer
403-342-8204

Communications & Strategic Planning
The City of Red Deer
403-342-8147

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