Council approved the 2018 Service Review as the guiding document, the 2018-2020 Operating Budget and the 2018-2027 Capital Budget. The operating budget indicates a property tax increase of 5.34%. The impact of this is approximately an additional $130.88 for the year on the average assessed residential dwelling unit.
The total municipal tax levy is $19,361,028; 2018 new service level increases are $370,087. The total operating budget is $40,902,476. The capital budget for 2018 is $23,039,977, of which $7,633,333 is debt funded and $6,201,667 is grant funded. The remaining is from reserves. The full budget is at banff.ca
. The tax mill rate and split have not been established. They will be set by mid-May. The next regular council meeting is Monday, January 22, at 2 p.m. in the council chamber.