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Coaldale town council review draft capital budget

Posted on November 25, 2020 by Sunny South News

By Nikki Jamieson
Sunny South News

A draft budget has provided Coaldale town council with some insights on their upcoming capital budget for 2021-26.

During a special Nov. 5 council meeting, Kyle Beauchamp, director of corporate service for the town, presented Coaldale town council with a draft budget for 2021.

The budget presentation, which is not the finalized proposed budget for 2021, aimed to provide council with with operational and capital budgeting projections, information on project updates, new requests and financial projections. The presentation was also meant to garner feedback from council so adjustments may be made before the operating and capital budgets come back to council for approval in December. Under the Municipal Government Act, municipalities must pass a three-year operating plan and a fiveyear capital plan that are revisited and updated each year. Coun. Briane Simpson announced at the start of the meeting that she would recused herself for any conversations pertaining to the town’s Civic Square and fire hall projects.

Capital projects discussed at the meeting include: Multi-Use Recreation Facility: At council’s Oct. 26 meeting, the estimated budget for this project had increased from $10 to $13 million. $10 million would be funded through the annual recreation tax levy, and $3 million through excess MSI Capital and Federal Gas funds, for total available funding of $13 million.

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