Budget and Financial Statements

Thank you for your participation in the 2020 budget participation tool. Information gathered from this process, as well as feedback from the Coffee with Council sessions, will now be given to Council for review prior to final budget deliberations.

2020 Budget Workshop Recap

Edson, Alberta, October 22nd, 2019 – Edson Town Council held their annual budget workshop on October 19th, 2019. Administration presented Council with departmental operational budget requests, a capital budget plan, reserve fund updates, and a number of optional items for review. Council is considering a plan with the equivalent of a 5% tax increase for 2020. Some of that will be collected through taxation, with other portions coming through utilities. Highlights of the proposed changes are listed below.

Utility Rates

Under this plan, the average household can expect an increase of about $2.00/month to their utility bills, plus the additional $9.00 for recycling. Commercial recycling fees will be $15/month.

Capital

Several capital projects were discussed for the 2020 budget including:

A full list can be found in the information package from the meeting at https://edson.civicweb.net/Portal/MeetingInformation.aspx?Org=Cal&Id=335

Taxation

The proposed budget uses a 2.05% municipal tax increase; however, individual tax levies will be dependent on property assessments. Without moving recycling to utilities, this increase would be closer to 5%.

This increase allows the Town to maintain current service levels, as well as includes costs associated with the anticipated federal carbon tax increases and other inflationary pressures.

This is a proposal only and both Administration and Council will continue to work on possible adjustments and recommendations prior to the finalization of the budget in December.

Public Engagement

Residents will have a chance to have a say in the budget process through the budget engagement tool being launched at the end of the month. This will be available at www.edson.ca/budget.

The engagement tool will take residents through the budget, provide information, and allow taxpayers to indicate their preferred allocation of tax dollars. There is also opportunity to provide general feedback for each department. That information will then be compiled and presented to Council prior to final budget approval

A public information session with Council is also being planned in the coming weeks to answer questions and hear feedback on the proposed budget.

In the meantime, the Budget Workshop is available to view by following the links below.

Budget Workshop Part 1

Budget Workshop Part 2