Following a spirited debate, Clearwater County council approved the 2025 operating and capital budgets on Dec. 20, 2024, reflecting what it says are strategic priorities and financial stewardship.
These approvals were made following in-depth deliberations from Dec. 11-13, as well as an approval day itself, Dec. 20.
The 2025 operating budget comprises operating revenues totaling $74,281,614 and operating expenses of $57,251,843 (not including amortization).
Additionally, $1,661,950 of restricted funds are allocated for operations. The capital budget involves capital revenue of $36,704,685 and capital expenses totaling $84,970,031, with $48,265,346 of restricted funds allocated for capital projects.
Clearwater County Reeve Michelle Swanson says there were a pair of capital projects that forced some last-minute amendments to the budget.
The projects in question were the proposed central waste transfer station north of Rocky Mountain House, and a heated storage facility. Originally slated for 2025, these projects were deferred to 2026 following further discussion, allowing the rest of the budget to be approved without issue, she says.
“Balancing rising costs and inflation remains a significant challenge, but this budget reflects council’s commitment to maintaining the programs and services our community depends on,” said Swanson. “This budget also highlights the efficiency and dedication of our administration, whose efforts ensure that resources are used effectively to support council’s strategic plan.”
2025 Capital Projects key highlights:
• General Road Infrastructure: $6,914,560
• Asphalt Overlay: $5,567,000
• Bridges: $8,328,500
• Recreation: $450,000
• Nordegg Development: $10,097,546
• Broadband: $43,675,676
“We’re focusing on enhancing our community amenities, and supporting growth. As well as maintaining critical infrastructure that our residents and businesses all depend on,” says Swanson.
Swanson says she looks forward to the ongoing development of Nordegg. Despite a large capital investment, Swanson says much of that will likely be engineering and planning work, as opposed to shovels in the ground. However, she adds the county will be in the community for further public engagement.
The reeve says following amalgamation with Caroline, the interim council will meet on Jan. 7, 2025 to combine the budgets together.
The 2025 budget anticipates a 16.9 per cent increase in tax revenue, primarily driven by the expansion of the assessment base following the conclusion of the provincial three-year tax holiday for designated industrial properties.
Final assessments will not be available until February 2025. The property tax rate will be set by council in the spring of next year.
Council’s approval of the 2025 operating and capital budgets, ensures that the county’s financial plans align with its strategic priorities. These decisions provide administration with clear direction for implementing programs and projects effectively.
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