Town of Rocky Mountain House

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Budget

December 18, 2024

The Town of Rocky Mountain House Council has adopted its balanced 2025 operating budget in the amount of $28,042,892 and capital budget of $5,827,100 million.

The approved budget includes a 2% increase in property taxes.

Council approved the 2025 budget at its December 17, 2024, regular Council meeting. It provides Council’s direction on spending for the coming and future years and allows administration to implement Council’s directed service levels for the municipality.

The 2025 operating and capital budgets will advance several of Council's Strategic Plan goals. Council's continued focus on economic growth is realized through its development incentives and rural renewal stream program.

Council also envisions enhancing the cultural capital of our community. To this end, a cultural centre will be part of the plans for a new civic building. These plans, and others, ensure the Town is wellpositioned for funding and development opportunities of the future.

The 2025 operating budget includes revenues of $9.9 million from property taxation (an increase of $209,000 over 2024) and $3.8 million in operating grants. Service and user fees (including utilities), permits and licenses, leases, rentals and returns on investments make up the balance of revenue.

Actual property tax rates will be set in the spring after the Town receives its 2024 property assessment roll. Each assessment class will see slightly different increases, with 1.91% for residential, 2.10% for non-residential commercial improved and 2.16% for non-residential large business properties.

Operating expense highlights include $4.3 million for protective services, $6.4 million for utilities, $2.2 million for transportation, and $4.6 million for recreation and culture.

The cost of governance (Council) is forecasted at $373,871 or 1.3 per cent of the overall operating budget.