At the meeting on November 25th, 2021, Council moved forward with an interim budget that will help move our community forward amid the increasing demands created by higher utility rates, fuel prices, and other external pressures.
To help residents through the pandemic, Council and Administration have held as tight as possible with budgets that kept tax increases to a minimum, including a reduction in 2020. In order to balance these reductions with the increasing inflationary costs, as well as reducing reliance on finite reserves to help offset taxation, Council has faced an extremely tough budgeting process.
After much deliberation and a thorough review of the budget, the 2022 Interim Operational Budget has been passed with an initial 4.9% increase. This amount could change as assessment numbers come in this spring, and as Council and Administration work to find ways to increase revenues and continue to adjust the overall budget. This will include a review of the Fees, Rates, and Charges Bylaw.
The 2022 Interim Operational and Capital Budget will see an extra $1 million in capital spending on roads and other infrastructure, as well as the start of a multi-year plan to reduce reliance on grants and reserves that have been offsetting taxation through the pandemic. The actual taxes levied on an individual property will be dependent on the property assessment.
Edson’s Interim Operational Budget is $24,233,162 and the Capital Budget approved is $33,269,819.
The Town of Edson is committed to providing a high level or service to meet the growing demands of our community, all while being fiscally responsible and ensuring long-term sustainability.
The Budget will be adopted by Council in December 2021 and finalized in the Spring of 2022, as there are some items that are not known at this time. Here is an anticipated timeline for the passing of the Budget:
End of June/July 2021 – Council Public Engagement through an online Budget Engagement Tool
Public Engagement Results Presented to Council.
Fall 2021 - Council Budget Workshop.
Early December 2021 – 2022 Budget presented to Council for adoption
February 2022 – Assessment figures released to the Town
March/April 2022 – Requisition figures for Schools (AB Education) and Evergreens (Seniors Lodges) received
April 2022 – Revised Budget presented to Council.
May 2022 – Mill Rate Bylaw presented to Council, and tax notices sent to property owners.