Leduc City Council adopts a 0.27% tax strategy for 2020
Maintaining both Leduc’s competitive tax rate and service-delivery levels were top priorities in the 2020 City of Leduc Public Budget Meetings that lead Leduc City Council and administration to reach a 0.27 per cent tax strategy for 2020 (down from 4.34 per cent).
“We are responsible with our tax dollars, just like a household budget, and adjust, re-evaluate and trim where it makes sense,” says Leduc Mayor Bob Young. “Despite economic challenges we were still able to include critical enhancements to our community in this budget, including the expansion of our Protective Services building, enhancing the Telford Lake multiway and making improvements to our Golf Course, all while keeping the tax impact low.”
Through cost-conscious efforts by administration and council, a 2020 budget was developed that brings forward:
- Continued provision of a high level of services
- Maintenance of the city’s capital assets
- Enhanced focus on environmental initiatives
- Continued support for community groups
- Third year of the Protective Services three-year smoothed mill rate strategy
- Second year of the enhanced transit three-year smoothed mill rate strategy
“By realigning the budget with the current economic conditions and utilizing leaner budget strategies, substantive cuts were made to the budget while preserving the high level of services provided to residents,” says director of Finance, Jennifer Cannon. “We listened to the citizens of the City of Leduc, the majority of whom stated in the 2019 Citizen Satisfaction Survey that they want services to remain the same; the proposed budget directly achieves this in a cost-effective way by lowering the projected tax impacts to 0.27 per cent, 1.49 per cent and 1.48 per cent for 2020, 2021 and 2022, respectively.”
The 2020-2022 budget continues to balance long-term vision with short-term needs. The three-year mill rate strategy provides a fiscally balanced path that keeps the City of Leduc’s high service levels intact while balancing community needs with fiscal sustainability. The 2020 budget ensures that capital assets are maintained, that service levels remain the same, provides an enhanced focus on environmental initiatives, and continued support for the community groups. This high-value proposition and integration of council’s strategic goals will allow residents to retain a high quality of life.
For more information, visit Leduc.ca or call 780-980-7177.