Current Temperature

19.3°C

September 24, 2020 September 24, 2020

Coaldale passes mill rate bylaw

Posted on May 23, 2017 by Sunny South News

By J.W. Schnarr
For the Sunny South News

During a regular meeting on May 8, Coaldale town council passed this year’s mill rate bylaw, which would see town rates raised 1.5 per cent in addition to a 0.75 per cent inflation increase.
Coaldale’s estimated expenditures and transfers identified in the 2017 budget came to $19,435,031.
Municipal revenue and additional funding sources come to an estimated $12,025,193. The balance of $7,409,838 must be raised through local taxation.
Additionally, a number of requisitions, which the town has no control over, are included in the mill rate. These requisitions include:
Alberta School Foundation Fund
Residential/Farmland – $1,657,079
Non-Residential – $284,920
Holy Spirit Roman Catholic Separate Regional Division No.4
Residential/Farmland – $232,407
Non-Residential – $39,960
Barons-Eureka-Warner Health Unit – $57,792
Green Acres Foundation – $109,729
The rates of taxation for this year will be as follows:
Municipal
Residential/Farmland – 8.0711
Non-Residential – 10.2409
ASFF
Residential/Farmland – 2.3559
Non-residential – 3.5675
Holy Spirit Roman Catholic Separate Regional Division No.4
Residential/Farmland – 2.3559
Non-residential – 3.5675
Barons-Eureka-Warner – 0.0647
Green Acres Foundation – 0.1228
Final reading of the mill rate bylaw was not unanimous, as Coun. Jacen Abrey was the lone vote against.

Leave a Reply

Get More Sunny South News
Log In To Comment Latest Paper Subscribe