Sylvan Lake’s draft budget calls for a 2.69 per cent residential tax increase but non-residential ratepayers will enjoy a tax rate freeze.
The $29.3-million operating and $12.7-million capital draft budgets were scheduled to go to council on Monday night to be formally approved for public circulation.
The budget was put together during five days of public sessions last week, wrapping up with deliberations on Saturday.
“The non-residential tax rate freeze will bring Sylvan Lake’s tax rate more in line with other comparative communities, keeping Sylvan Lake a competitive option for businesses,” says town communications officer Joanne Gaudet in a statement.
A Coffee with Council session to answer budget questions has been scheduled for Jan. 25 from 8 a.m. to noon at Waves Coffee House at 3715 47th Ave.
The budget will be voted on at council’s Feb. 10 meeting.
Among new initiatives proposed:
• New curling rink contribution
• Spray park location search and design
• Library renovation
• New water well study
• Leisure Centre detailed design
• Residential snow removal service boost
• Two new RCMP members.