2021 Budget Summary
The Town of Wembley approved the 2021 Capital and Operating Budget at its regular Council meeting on April 26, 2021. The 2021 budget is inclusive of the increases to the policing costs, overall increases in operating costs, continued reduction in provincial grants, and limited federal capital funding for small municipalities. Increasing school requisitions and Grande Spirit Foundation tax levies, both required to be collected by the Government of Alberta through municipalities, also affected the overall rates. School tax requisitions accounts for approximately 25% of the municipal taxes collected.
Rejuvenating greenspaces, recreation areas and gradual replacement of much needed capital assets, updates on outdated bylaws and policies, extension of financial support to the Wembley and District Agricultural Society in a form of loan guarantee, as well as investing in attracting economic development were amongst some of the budgetary considerations made this year.
Town Council was mindful of the economic impacts of the pandemic which is also coupled by the uncertainties brought on by the energy sector. Great consideration was made to ensure that these issues were not lost during budget deliberations. Measures to eliminate redundancies and continued efforts in finding efficiencies were high on Town Council and Administrations’ priorities at this time as well.
The residential property rate for 2021 is 12.1915 mills and the non-residential rate is 19.9375 mills. The property rate amount includes municipal, education and Grande Spirit Foundation tax rates. The 2021 tax rate does not mean property taxes will not go up or down for some property owners, as taxes are influenced by changes to the property assessment values. Properties with an assessment decrease may see their tax bill on par with last year, or approximately 3% decrease, while property owners whose property assessment increased could see a slight increase in property taxes.
Example: Homeowners of a property assessed around $250,000.00 will pay about $3,047.88. If the property owner is signed up with tax instalment payment plan it will see an equalized monthly payment of $253.99.
The Municipal tax rate:
Residential – 9.4507 mills
Non-Residential – 15.6996 mills
School levy tax rates:
Residential – 2.6934 mills
Non-Residential –4.1905 mills
Grande Spirit Foundation tax levy: 0.0474 mills
Designated Industrial (DI) Property tax rate: 0.07600 mills
Highlights of Capital Projects/Purchases for 2021:
Ducky Park (94 Avenue upgrade)
Multipurpose Utility Vehicle
Noreen Zhang, CAO Tel. 780-766-2269 ext. 102 / Email: email@example.com
Chris Turnmire, Mayor Tel. 780-296-0481 / Email: firstname.lastname@example.org
For general info see also menu + Property Tax Information.