Red Deer County News

Posted on: December 19, 2017

Red Deer County Approves 2018-2020 Budget

County Centre.jpg

Aggressive Capital program to take advantage of competitive prices.

(RED DEER COUNTY) – At the December 19 Council meeting, Red Deer County Council approved the 2018-2020 Operating and 2018-2022 Capital budgets. The package was passed unanimously by Council, and took into account any public feedback that was submitted.

Mayor Jim Wood commented, “This budget paves the way forward for Red Deer County to succeed. I would like to thank staff and Council for their commitment to our budget process. We will accomplish a great deal of important infrastructure work in the coming years.”

The Operating budget for 2018-2020 remains very consistent ($47.5M-$47.6M). Capital spending from 2018-2022 will rise sharply to $39.3M in 2018 to take advantage of competitive prices on large-scale construction, and then return closer to the $20M range of past years. The County continues to dedicate significant funding to bridge upgrading - averaging $4.4M over the next five years. Any changes to tax rates will be addressed in the spring.

Heather Surkan, Director of Corporate Services for Red Deer County said, “The budget is very connected to our corporate strategic goals. We are taking advantage of competitive pricing to accomplish important capital work, and still keeping the tax burden to a minimum.”

Residents are encouraged to go to www.rdcounty.ca for more information.

Some highlights of the 2018 budget include:
- Range Road 10 $7,000,000
- Bridge repairs (5 year average $4.4M) $4,100,000
- Springbrook Water Reservoir $4,200,000
- Range Road 224 $1,400,000
- Township Road 370 East (2018 portion) $4,700,000

Summary of Capital and Operating Expenses (Budgeted):


2018
2019
2020
Capital
$39,300,200
$20,347,000$20,520,000
Operating
$47,598,562
$47,063,598$47,645,838
Contingency
$700,000
$700,000$700,000
Total
$87,598,762
$68,110,598$68,865,838


Additional Info...
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