News Flash

News

Posted on: October 28, 2019

2020-2022 DRAFT BUDGET DELIVERS ON COUNCIL’S PRIORITIES

Logo web newsfeed.jpg

Town Council got their first look at the proposed budget at last night’s Council meeting.

The draft 2020-2022 budget delivers on community feedback and Council’s strategic priorities, invests in the infrastructure required for our growing community, and ensures continued service delivery at a sustainable tax increase.

“Administration made some tough decisions in preparing this budget, including delaying or scaling back some projects and staffing requests,” said Chief Administrative Officer Dave Devana. “This budget focuses on strategic investments in our community aimed at improving multi-modal transportation solutions and investing in new facilities, such as the Transit Hub, Cochrane Innovation Outpost and new Protective Services Building which aims to support our growing community.”

The draft budget includes a proposed expenditure of $40.2 million in capital projects for 2020, including:
• Transit Hub and Cochrane Innovation Outpost
• Railway Street West infrastructure upgrades
• Centre Avenue widening design
• New Protective Services building
• Horse Creek Sports Park servicing

To deliver this, Town administration is projecting property tax increases of 2.95% in 2020, 2.75% in 2021 and 2.50% in 2022. The estimated impact in 2020 on the average home, assessed at $479,900, is an increase of $5.50 per month. Including utility costs, the estimated total monthly increase for the average home in 2020 is $8.89.

Town administration presented the draft budget October 28. The community is invited to give feedback until November 13.

Residents can learn more about the budget online at cochrane.ca/Budget and at two public engagement pop-up sessions being held at Spray Lake Sawmills Family Sports Centre:
• 12-4pm, Saturday November 2
• 4-8pm, Tuesday November 5

All feedback is provided to Council before their deliberations, scheduled for November 18 and 19. Budget deliberations are available via live stream from cochrane.ca/Council.

More details on the draft budget, including feedback opportunities, can be found at cochrane.ca/Budget and LetsTalkCochrane.ca/Budget.

More details, including feedback opportunities.
Facebook Twitter Email

Other News in News

Waste Reduction Week

LEARN TO BE A ZERO-WASTE HERO

Posted on: October 18, 2019
FutureChampion bronze

SCULPTURE DONATION ENRICHES TOWN OFFICE

Posted on: October 10, 2019
COLT-app

GET READY TO RIDE WITH THE COLT APP

Posted on: September 24, 2019
COLT-logo

TRANSIT BYLAW APPROVED BY COUNCIL

Posted on: September 10, 2019
Mass Transit Feasibility Study

MASS TRANSIT FEASIBILITY STUDY

Posted on: February 27, 2019
Reveal for newsfeed

WATCH THE TRI-SITE CONCEPT REVEAL VIDEO

Posted on: December 7, 2018