Budget and Financial Statements

Citizen Budget 2021

The 2021 Budget Public Engagement Tool is now open!

Fill it out for a chance to win an Edson prize package! Just be sure to enter your email and finalize the process by hitting submit at the end.

Click Here to Start Citizen Budget

The Citizen Budget tool takes residents through a simulated budget, provides information, and allows taxpayers to indicate their preferred allocation of funding. 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.

2021 Budget Workshop Recap

Edson, Alberta, October 19th, 2020 – Edson Town Council held their annual budget workshop on October 17th, 2020. 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 an approximate 2.5% tax increase from the ORIGINAL 2020 budget. In 2020 an emergency budget was put in place due to the COVID-19 pandemic to reduce taxes for 2020 and set aside a fund to help in recovery. Some of that recovery money will be used to reduce the overall tax impact in 2021 so the increases required to get back to normal service levels don't come all at once.

Highlights of the proposed changes are listed below.

Utility Rates

The Town strives to operate on a cost recovery model for utilities. Under this model, as operational costs change it becomes necessary to adjust the rate to ensure costs are recovered. The presented 2021 Budget proposes rate increases and the following table shows what this would look like:

Utility 2020 Rate Operational Increase Asset Management Plan Increase 2021 Rate Average Annual Increase (based on 20m3/month)
Water 1.11 0.07 0.03 1.21 24.00
Sewer 1.26 0.05 0.07 1.38 28.80
Waste Collection 17.50 0.35   17.85 4.20
Recycling Residential 9.00 1.00   10.00 12.00
Recycling Non-Residential 15.00 2.00   17.00 24.00
Total Residential   1.47 0.10   69.00
Total Non-Residential   2.12 0.10   76.80

Capital

Several capital projects were discussed for the 2021 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=392

Taxation

The proposed budget will use a 2.5% municipal tax increase over the original 2020 budget; however, individual tax levies will be dependent on property assessments.

This increase allows the Town to return to pre-Covid service levels and includes inflation and other expected increases beyond the Town's control.

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.

For the 2022 Budget this tool is anticipated to be launched earlier in the year to receive feedback prior to the budget workshop.

In the meantime, the 2021 Budget Workshop is available to view by following the links below.