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Sylvan Lake Focusing On The Essentials In 2017 Budget


2 minute read

By Sheldon Spackman

Growth pressures such as the opening of the Nexsource Centre next spring and a larger Parks inventory in 2016, are forcing the Town of Sylvan Lake to focus only on the essentials in it’s Budget Plan for 2017 and 2018-2019.

The three year Budget Plan currently proposes a 0.2 percent tax rate increase for all property owners next year and includes some cut backs as well. They entail the elimination or postponement of operating projects and cutbacks in training and travel for all departments within the organization. Wage increases for staff are also proposed to be reduced from the 2.5 percent in the three year Budget Plan to 1 percent and to not come into effect until mid-year.

The ten year Capital Plan meanwhile is primarily focused on maintaining the town’s infrastructure. Binging neighbourhoods up to current standards and protecting and expanding the town’s water and sewer capacity.

Officials say they are projecting a 1.5% population growth in 2017 and assessment growth of $40 million. As a result, the Town is proposing a budget that includes only the essentials, namely costs associated with the opening of the NexSource Recreation Centre and necessary infrastructure projects identified in the 2014 Infrastructure Study. Economic Development initiatives are also planed to enhance business development and attraction of new businesses to the community, which in turn minimizes negative impacts on the local economy.

Currently, the total proposed Operating Budget for 2017 is $37,486, while the total proposed Capital Budget for 2017 is $11,770,00.

The public is encouraged to join Council Members and Town Administration on
November 29, between 4:30 and 7:30 at 104- 25 Beju Industrial Drive for Cupcakes and
Coffee with Council to provide their feedback, or visit for budget details.

The final three year Budget Plan for Sylvan Lake is expected to be approved at Council’s regular meeting on December 12th.

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