Olds Council Approves 2020 Budget

Next year's budget was given the green light during the final town of Olds council meeting for 2019. Mayor Michael Muzychka says - as determined during last week's budget deliberations - it includes a zero per cent municipal tax increase.

Olds council approved the 2020 budget on Monday, December 9th.

Mayor Michael Muzychka says it includes a zero per cent municipal tax increase. Budget deliberations during the policies & priorities committee meeting on December 2nd saw council and administration turn an operating budget deficit of nearly a half a million dollars into a surplus of just over $38,000.

In the budget, he notes service levels have stayed pretty much flat and the town has been able to add a few key positions to administration.

The 2020 Capital Budget is in the amount of nearly $12.3 million dollars. Mayor Muzychka says an Operations Centre is the big ticket item.

He anticipates that the actual Ops Centre building will cost about $8 million.

Mayor Muzychka explains where it will be located.

At Monday's meeting, Olds council also approved the 2021 Capital Budget in the amount of $3.5 million, the 2021-2030 multi-year Capital Plan in the amount of $43.9 million as well as the he 2020 Operating Budget in the amount of $30.6 million.

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