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County spending lowered to ensure tax payers are not unduly burdened.At the December 4 Council meeting, Red Deer County Council approved the 2019-2021 Operating and 2019-2023 Capital Budgets. The package was passed unanimously by Council, and took into account any public feedback that was submitted.
Mayor Jim Wood remarked, “Red Deer County is aware of the economic climate right now in this province. We are ensuring the long-term financial stability of the County, while remaining optimistic in our economic progress.”
The Operating budget for 2019 rises slightly ($46.9M-$51.2M), while the 2019 Capital spending drops significantly from 2018 ($30.6M-$24.5M). The County continues to dedicate significant funding to infrastructure upgrades – with bridges averaging $3.9M over the next five years, and over $15M annually dedicated to road work. Any changes to tax rates will be addressed in the spring.
Heather Surkan, Director of Corporate Services for Red Deer County said, “The budget maintains (and in some cases enhances) current service levels as well as prepares the County for future development. This aligns closely with our corporate strategic goals. A major component of the budget is maintaining our current infrastructure to the high standards we have come to expect.”
Residents are encouraged to go to www.rdcounty.ca for more information.Key Initiatives for 2019 and beyond:Township Road 370 $4,600,000Bridge repairs $3,900,000 (5 yr. average)Range Road 272 $3,400,000Junction 42 Utilities $1,700,000Lake Street Urbanization $2,600,000Summary of Capital and Operating Expenses (Budgeted):
2019Capital $24,476,670Operating $51,173,216Total $75,649,8862020Capital $24,148,855Operating $50,564,957Total $74,713,8122021Capital $21,338,080Operating $50,486,424Total $71,824,504