Council & administration were able to reduce a proposed 3.4% tax increase to 2.9% during the spring budget adjustment process.
The 2012 Municipal Tax Rate Bylaw was approved this week by Olds town council.
Director of Corporate Services Terryl Allen says an initial proposed 3.4% tax increase has been reduced to 2.9%.
Allen adds, the Alberta education requisition came in 10% higher than 2011 and that will make a significant difference on everyone's tax notice.
Town of Olds tax notices will be sent out on May 11th - all taxes are due and payable by June 30th.