Council approved the Operating and Capital Budget on November 4, 2019. The Operating Budget shows an increase of $138,652 which is 4.55% higher than the 2019 Budget.
This increase includes an additional $78,000 funding towards reserves, for future gas infrastructure, replacement fire trucks and expanding the walking trail network.
With the new Provincial Government came cuts in funding to the Town, with an adverse impact on the 2020 budget, resulting in the increase.
The changes in the Municipal Government Act meant that the Town was also required this year to prepare a 3 Year Operating Plan as well as a 5 Year Funded Capital Plan to support the 10 Year Capital Plan.
More detailed information on the budget is available at www.redwater.ca.
2020 Utility Rates
To ensure sustainability of the Town utility system the following rate changes will be effective January 1, 2020:
• Town Water Variable rate increase of $0.10 to $1.40 per cubic meter
• Town Water Fixed Service Charge (for Capital Infrastructure) increase of $1.00 to $15.00
• Town Gas Fixed Service Charge (for Capital Infrastructure) increase of $1.00 to $18.00
• New Town Storm Sewer Capital Investment Charge of $1.00
In consideration of the reduction in funding from the Province going forward for capital projects, these increases ensure that Town reserves remain sustainable to enable future capital utility projects.
Within the 2020 Budget the Utility Capital Investment transfer for future capital projects totals $99,360.