Know Your Budget - Recreation & Culture Funding
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County's 2018 Budget Approved
Mountain View County Council approved the 2018 Operational Budget and Tax Rate Bylaw during last week’s regular meeting, featuring a one per cent increase to the mill rate for all assessment categories.
That means County ratepayers – regardless of the type of property they own (commercial, residential, agricultural, etc.) – will see a one per cent increase over last year. However, the impact on taxes will vary depending on whether the assessment on each individual property stayed the same, increased, or potentially declined.
Council had been weighing the possibility of a two per cent increase across all categories, but Deputy Reeve Angela Aalbers felt the one per cent option was acceptable due to savings and efficiencies found in various programs and projects.
“This achieves everything we are trying to do,” she said in proposing the motion for the one percent increase.
Reeve Bruce Beattie said the built-in contingency of $350,000 in the budget provided him the comfort to support the one per cent option. Under the two per cent option, $850,000 would have been unallocated and earmarked for the Tax Rate Stabilization Fund.
According to the report to Council by Corporate Services the impact of the one per cent increase to the mill rate on a residential property with no improvements is a median increase of $12 and an average increase of $26 over the 2017 tax amount. Individual residential property owners who had improvements to their property and thus an increased assessment rate, will likely see an increase greater than the median and average increase.
Overall, Mountain View County has set an operational budget of $21,960,345 (excluding amortization) and a capital (projects) budget of $26,733,920. The County will also place $11,206,018 into reserves in 2018.
Funding sources other than from municipal taxes total $18,350,197, and $12,861,420 from municipal reserves will also be utilized in this year’s budget, leaving $29,038,666 needing to be funded via general taxation.
Mountain View County is also required to collect taxes for outside authorities (including school taxes) called requisitions, which are unavailable for municipal use. The total requisitions for 2018 is $13,047,072 which – when added to the taxes for municipal purposes – equals a total taxation of $42,085,738.
According to the Municipal Government Act, municipalities in Alberta must run a balanced budget.
In the coming weeks we will feature some of the changes, projects and other items that make up the 2018 budget. Some of that information will appear in our print pages but expanded content will be updated in the space.