2019 budget officially approved for Leduc County
The 2019 budget for Leduc County is now officially set.
This year they will have a $92.2 million operating budget which will cover day-to-day municipal operating expenses along with a $17.4 million capital budget which will include infrastructure costs for buildings, roads, bridges, and equipment.
All in all, this will result in a 1.5 % tax increase over 2018.
When you break down the capital budget a total of $9.1 million is going towards the annual road-surfacing program which includes $1 million for the Rural Road Initiative program.
In terms of the operating budget, $1.1 million is going to be spent for parks and recreation, including a $500,000 contribution to the Beaumont Aqua-Fit Centre expansion plus $5 million for road maintenance projects including $3.4 million for the annual gravelling program.
2019 tax rates
The 1.5% tax increase results in minimal tax increases for most landowners. Approximately 84% of Leduc County property owners can expect a property tax increase of less than $100 over 2018. 8% of property owners can expect an increase between $101 and $250 and the remaining 8% can expect an increase of more than $250.
Property taxes are made up of municipal taxes, external requisitions, local improvement tax and the provincial education tax. Leduc County is obligated to collect the provincial education tax, as set by the Government of Alberta, as part of its property taxes.
Because the provincial government did not adopt the 2019 budget prior to the election, the exact amount of education taxes to be collected has not yet been determined. Leduc County has maintained the education tax rate from 2018. Once the newly elected provincial government adopts its budget and sets the education property tax amount for 2019, any difference will be reflected on your 2020 property tax bill.
Property tax notices will be mailed to residents in mid-May. Taxes are due by June 30, 2019. (JSL/THE ONE NEWS)