City council adopts a 2.89% tax revenue increase for 2019

Monday, December 3, 2018

Maintaining Leduc’s competitive tax rate was a top priority that lead to Leduc City Council and administration reaching a 2.89 per cent tax revenue increase (down from 4.32 per cent). This was achieved through:

  • Integrating the enhanced transit costs over three years from two years
  • Council discretion to use allotted dollars for tax mitigation to ratepayers/ enhanced service levels
  • Use of one-time funding

“By taking a value-added approach, we’re able to find a balance between responsible fiscal planning and maintaining service levels,” says Jennifer Cannon, director of Finance with the City of Leduc. “We’re also moving forward next year to revise our budget process, with the support and cooperation of city council. Our focus is about creating more touch points with council throughout the year, improve long-term capital planning, conduct a detailed review of contract services, and seek opportunities to decrease the proposed tax revenue increase in 2020 (4.45 per cent) and 2021 (5.05 per cent).”

Council’s four key focus areas, as outlined in the 2019 – 2022 Strategic Plan, helped shape this budget and was presented in a manner that strengthened alignments within operational and capital planning. The key areas are:

  1. A City Where People Want to Live, Work and Play
  2. A City with a Plan for the Future
  3. An Economically Prosperous City and Region
  4. A Collaborative Community-Builder and Regional Partner

“We see this budget as an accumulation of maintaining service levels while integrating council’s strategic focus areas identified in the new strategic plan, balancing our collective long-term goals with our short-term needs for this community,” says Leduc Mayor Bob Young. “On behalf of council, I’m extremely pleased with the new direction we’re heading, always keeping in mind what’s best for our residents and corporate citizens.”
When developing the 2019 budget, administration and council identified significant contributing factors that presented a number of challenges. Those include:

  • Stagnant non-residential growth
  • Increasing inflation
  • Incorporating enhanced transit into the 2019 budget
  • Proposed facilities in the Long-term Facilities Master Plan

For more information, call 780-980-7177.

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2019 Budget Backgrounder

MEDIA CONTACT:
Mariann McLaughlin, Corporate Communications
780–980–7171
mmclaughlin@leduc.ca