Sylvan Lake considering 1.97 per cent tax increase

Projected tax increase is lower than 2.3 per cent proposed in three-year budget approved last year

Sylvan Lake is proposing a small-than-anticipated tax rate increase for 2018.

The three-year budget approved last year anticipated a 2.3 per cent increase for next year. However, a 1.97 per cent increase has been proposed in the budget going to the public for feedback before going to council for final approval early next year.

The owner of a $350,000 home paid $2,136 in municipal taxes last year, which includes just over $200 in transportation and recreation levies. In 2018, a $350,000 property would pay $2,178.

The total operating budget is projected at $35.4 million.

Town growth is projected at 1.5 per cent so core budget expenditures were held to a 1.5 per cent increase.

A budget presentation to council predicted little change in residential and non-residential property values next year.

“Given the current economic climate, the revised projections for assessment and market value growth negatively affect taxation revenue for the municipality,” says the budget report.

The town expects to receive about $16.4 million in taxes next year, up 3.5 per cent or $564,000 from the $15.8 million that came in this year.

Of the new tax revenue, $285,000 will come mostly from assessment growth. The proposed 1.97 per cent tax increase would generate just under $279,000.

The $15.7-million capital budget includes projects such as a new water reservoir and pump station, water sewer main replacement, road reconstruction and work on the Hwy 20 Erickson Drive intersection.

A budget open house is set for Dec. 12 from 4:30 to 7 p.m. at the NexSourceCentre. For more information go to

Like us on Facebook and follow us on Twitter

Just Posted

Swedish activist Greta Thunberg in Edmonton for climate rally; counter-rally planned

EDMONTON — Albertans are planning to hit Edmonton’s streets today to support… Continue reading

Facebook CEO defends refusal to take down some content

WASHINGTON — Facebook CEO Mark Zuckerberg on Thursday defended the social media… Continue reading

Deep-sea explorers seek out sunken World War II ships

Deep-sea explorers scouring the world’s oceans for sunken World War II ships… Continue reading

Your community calendar

Wednesday Red Deer River Naturalists Flower Focus Group Meeting. When: Oct. 16… Continue reading

Meet the candidates running in Red Deer-Mountain View

Each of the candidates running in the Red Deer-Mountain View riding were… Continue reading

Meet the candidates running in Red Deer-Lacombe

Each of the candidates running in the Red Deer-Lacombe riding were invited… Continue reading

Albertans tend to be obtuse, says longtime resident

Re: Dangerous talk from Singh, David Marsden, Opinion, Oct. 15. I am… Continue reading

FIFA claims 82M TV audience for Women’s World Cup final

ZURICH — FIFA research says the Women’s World Cup final drew an… Continue reading

Basketball fans welcome former Raptor Kawhi Leonard back to Vancouver

VANCOUVER — Kawhi Leonard had a tough night on the court Thursday,… Continue reading

CBS signs Stephen Colbert to 3-year extension

NEW YORK — Stephen Colbert will be sticking around for four more… Continue reading

Country artists bring tears, prayers to CMT awards show

NASHVILLE — Country music artists cried together and prayed together at an… Continue reading

Most Read