Council Approves 2020 Budget
Thursday, December 12, 2019
Rocky View County Council has approved a 2020 operating and capital base budget that will see the County keep your taxes low while maintaining a high quality of life for your family.
The operating budget for next year is expected to be $147.5 million, including $58 million slated for capital projects. Approximately $73 million is funded through property taxes, and split almost equally between residential and business/commercial assessments. The budget includes a 2% tax increase for residential and business/commercial properties.
As shown in the chart below, Rocky View County has the second lowest residential property tax rate in the region, with the average homeowner paying $2.54 per $1,000 of assessed value. To see how your property taxes compare with a home of the same assessed value in each of these neighbouring municipalities, check out our property tax comparison calculator.
In addition to yearly programs and service delivery, the County will fund several capital projects for 2020 to address the growth and upkeep of County roads and infrastructure. Highlights include $9.6 million to service the West Balzac development area, as well as $3.7 million to continue the Langdon Centre Street enhancements. The northern part of the County will see a $2.75 million project to widen Dickson Stevenson Trail to Highway 2A, while the previously announced Bragg Creek flood mitigation project continues in the west.
Final approval of the budget and tax rates takes place in April 2020, when Council approves any new or unfunded initiatives as well as the 2020 tax rate bylaws. In the meantime, you’re welcome to check out the 2020 budget documents for full details.
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