Town of Blackfalds residents will likely see a slight increase to their property taxes next year.
As part of budget deliberations for 2019, town council is looking at a 1.5 per cent tax increase – the same tax increase the town saw for 2018. The increase, as per a release sent out Tuesday, is below the Consumer Price Index (CPI) for Alberta, but will allow the town to address capital projects and maintain service levels.
“The Town of Blackfalds continues to hold into account the challenging economic climate which, although improving, still remains. This has been reflected in the town’s budget deliberations which, to date, includes a modest tax increase,” said Blackfalds Mayor Richard Poole.
Part of the increase is due to Blackfalds continued growth, which eclipsed the 10,000 mark this year, and the needs that come with larger populations. It’s also as a result of feedback received through the Citizen Budget survey, a Sept. 10 budget open house, and the present state of the economy.
According to the release, the town is taking a “conservative view” and has “prioritized spending” on what will most benefit residents.
The budget also has been developed with a three-year budget forecast in mind and a 10 Year Capital Projects plan.
The hope is for the Town of Blackfalds to adopt both the 2019 operating and 2019 capital budgets by mid-December.
Residents will have a chance to provide council with thoughts and feedback this weekend, Nov. 17-18 during the Blackfalds and District Chamber of Commerce Christmas Trade Show – more commonly referred to as the “Merry Market” – from 10 a.m. until 4 p.m.
For more information and details, visit www.blackfalds.com.