The city will hold the line on increases to residential property taxes for a year, after the passage of the 2021 budget at last night's city council meeting.
The goal going into the 2021 budget process for Leduc City Council was no property tax increases for residents next year.
After four weeks of deliberating, the 2021 budget was passed by the council at a meeting Monday night.
"2020 has been one of the most challenging years yet," said Mayor Bob Young. "The 2021 budget process has been, I think, one of our better budget processes even with all the challenges. The fact that we've spread our budget out over the year, I think that allows us more time to reflect and have better input on information presented."
Councillors were quick to share the credit with staff for getting the job done without inflicting too much damage. "I also appreciate the staff taking some really hard-line decisions and making them. It's a team effort between staff and council," said Councillor Terry Lazowski.
Here's a look at some of the key decisions made which will impact next year.
- $100 million operational budget
- $23.8 million capital budget
- Transfer reduction to city reserves
- No increase to municipal property tax in 2021; 1% in 2022; and 3.26% in 2023
- Increased support for community groups
- Continued focus on economic development
- Permanent support to help preserve Leduc’s heritage
"Folks in our community are hurting. There have been layoffs. There's been economic hardship," said Councillor Lars Hansen. "I think our budget reflects and is responsive to that."