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Municipal Budget

We're pleased to present the draft 2017 Budget.Council and Town Administration has drafted a three-year budget plan that proposes a 0.2% tax rate increase for both residential, and non-residential property owners in 2017. The draft 2017 Budget looks much different than what was planned in the 2015 three- year plan, when Council and Administration was preparing for 4.5% growth, and a 2.96% residential rate increase.

Now projecting a 1.5% population growth, and assessment growth down from $60 million to $40 million, the Town of Sylvan Lake 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.

“Our goal is the delivery of responsible municipal services. Looking at the budget for next year, it was tough, but we really considered what was a need versus what was a want, in order to keep costs down. We haven’t postponed or reduced anything considered a need- and we still have some funding set aside for initiatives such as our NexSource Centre Grand Opening!” – Mayor Sean McIntyre

New initiatives/operating projects have been reduced or postponed, while the Capital Budget has been reduced by a net amount of $3.7 million in 2017. New initiatives not included in the 2017-2019 budget total over $1.6 million.

Total proposed Operating Budget for 2017: $37,486,060

Total proposed Capital Budget for 2017: $11,770,000

Reader-Friendly Draft 2017 - 2019 Budget Plan


Printable 2017 - 2019 Budget Plan


View the full details of our draft 2017 Budget and three-year Budget Plan HERE.




Check out our 2016 Budget Report Here! 

10 Year Capital Plan

Check out our 2015 Budget Report HERE 





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