2024 Budget

The budget process for 2024 is now complete. 

• 2024 Budgeting Complete

  Share 2024 Budgeting Complete on Facebook Share 2024 Budgeting Complete on Twitter Share 2024 Budgeting Complete on Linkedin Email 2024 Budgeting Complete link

  Budgeting is complete for the 2024 budget

  • View the budget 2024 budget engagement page

  • The 2024 budget determines your 2024 property taxes

  • September 7, 2023: Info Night Fun Fest - Chat with Council

    • Thank you to all Lakers who participated!

    • View the Resident Priorities open house display boards

    • View the Resident Priorities survey results here

  • November 2023: Council deliberations started mid November 2023, and are complete
  • December 11, 2023: Council approved the 2024 draft budget
    • Council approved a 5.38% tax rate increase for both residential and non-residential properties
    • See page 22 of the agenda from that Council meeting
    • 2024 Draft Budget brochureYou can read online or pick up a copy at the town hall
    • 2024 draft budget highlights postcardIn early January, all residential homes in Sylvan Lake receive a 2024 draft budget postcard in the mail. Contact us if you did not get one

  • January 31, 2024: Budget open house

    • The 2024 budget open house was held on January 31, 2024
    • Thank you to all residents that attended

  • April 8, 2024: At the April 8 Council meeting council approved:

    • First reading of the 2024 Property Tax Bylaw 1895—2024

    • The 2024 Operating Budget of $67,563,087

    • Report AIR-912, amending the 2024 Budget, updating the Operating and Capital projects to include carryovers from prior years
  • Visit the ask and answered section, we are waiting to answer your questions

  2024 Financial Statements

  • Each year, our complete financial statements are released online
  • These statements take a significant amount of time to prepare, and are usually available in late spring the following year
  • When ready, the 2024 Financial Statements are posted here

• April 9, 2024 Update: Budget Adopted

  Share April 9, 2024 Update: Budget Adopted on Facebook Share April 9, 2024 Update: Budget Adopted on Twitter Share April 9, 2024 Update: Budget Adopted on Linkedin Email April 9, 2024 Update: Budget Adopted link

  Last night at the April 8 Council meeting, Council adopted the 2024 budget and three-year financial plan. The budget includes a 5.38% municipal tax rate increase for both residential and non-residential properties.

  Questions?

  • 2024 Budget Ask & Answered
    
    

• Open House Success & Budget Next Steps

  Share Open House Success & Budget Next Steps on Facebook Share Open House Success & Budget Next Steps on Twitter Share Open House Success & Budget Next Steps on Linkedin Email Open House Success & Budget Next Steps link

  Lakers are turning up to talk about their community and property taxes! We had around 55 people turn up to the open house on January 31, 2024. That's nearly double of the last open house. Council and staff enjoyed answering your questions. We hope to see your feedback online and at our next engagement event.

  Here's what's next for the 2024 Budget:

  • March 25, 2024 Council meeting: Council approves 2024-2026 Budget Plan
  • April 8, 2024 Council meeting: Council gives first reading to the 2024 Property Tax Bylaw
  • April 22, 2024 Council meeting: Council gives second and final reading to 2024 Property Tax Bylaw

• 2024 Draft Budget Open House

  Share 2024 Draft Budget Open House on Facebook Share 2024 Draft Budget Open House on Twitter Share 2024 Draft Budget Open House on Linkedin Email 2024 Draft Budget Open House link
  

  On December 11, Council approved the 2024 draft budget, including a 5.38% property tax increase for residential and non-residential properties.

  Consider yourself invited to the 2024 draft budget open house:

  • Come ask Council and Town staff your budget and property tax questions
  • Tell us what you like, and don't like, about the budget
  • 4:00 PM - 6:00 PM, January 31, 2024, NexSource Centre
  • Printed copies of the budget brochures are available at the open house, at the Town hall (5012 - 48 Avenue), and at the NexSource Centre (4823 49 Avenue)

  We want to see as many Lakers as possible come to the open house!

  • But we understand that open house date and time can’t work for everyone
  • If you can’t make it, ask questions in our online budget ask & answered:
    Sylvanlake.ca/budgetquestions

  Can't make the open house? Want to prepare in advance?

  1. Check out the easy to read budget brochure
  2. View the open house displays, then
  3. Visit our Budget Ask & Answered

• Council Adopts Interim 2024 Budget and Three-Year Financial Plan

  Share Council Adopts Interim 2024 Budget and Three-Year Financial Plan on Facebook Share Council Adopts Interim 2024 Budget and Three-Year Financial Plan on Twitter Share Council Adopts Interim 2024 Budget and Three-Year Financial Plan on Linkedin Email Council Adopts Interim 2024 Budget and Three-Year Financial Plan link
  

  In their December 11 meeting, Council adopted an interim 2024 budget and three-year financial plan. The budget includes a 5.38% municipal tax rate increase for both residential and non-residential properties.

  Details and questions:

  • Budget brochure

  • Ask questions here: 2024 Budget Ask & Answered

• Budget Survey Results

  Share Budget Survey Results on Facebook Share Budget Survey Results on Twitter Share Budget Survey Results on Linkedin Email Budget Survey Results link

  The survey is now closed. We had 246 survey responses, so thank you to all Lakers who participated!

  • View the results here

• Chat with Council Open House

  Share Chat with Council Open House on Facebook Share Chat with Council Open House on Twitter Share Chat with Council Open House on Linkedin Email Chat with Council Open House link
  

  Join us to talk about the 2024 budget! This is your chance to talk to Council and staff about the 2024 budget and how it impacts your property taxes. Come tell us your positive feedback and your concerns.

  • Tell us your property tax and budget priorities
  • Ask property tax and budget questions
  • September 7, 2023
  • Starts 4:30 PM
  • Nexsource Centre, 4823 49 Ave
  • Held as part of Info Night Fun Fest

  Can't make it?

  • View the open house display boards online
  • See the survey results so far
  • Take the online survey if you haven't already
  • Visit the ask and answered section, we are waiting to answer your questions

  

  
  

• Why take the budget survey?

  Share Why take the budget survey? on Facebook Share Why take the budget survey? on Twitter Share Why take the budget survey? on Linkedin Email Why take the budget survey? link

  Just as the Town is responsible for managing tax dollars carefully, residents are responsible for taking part in municipal processes. We create a healthier community when both sides participate.

  What is the process?

  • The new budget survey opens in June
  • Resident feedback now goes to staff before they start preparing their budgets
  • Survey results give staff and Council a clearer picture of what Lakers want in the 2024 budget
  • Staff and Council use the survey results to help plan and budget

  Why do we need more than just a few Lakers to help?

  • For this process to work, we need as many residents as possible to submit their survey
  • The less people submit a survey, the harder it is for us to know if that's what the majority of Lakers want

  What's in the survey?

  By completing the survey, residents get the chance to:

  • Prioritize municipal services and amenities
  • Tell us their preferred tax strategy
  • Tell us what services they would increase or cut, based on their chosen tax strategy
  • Submit ideas for cost-free revenue generation
  • Give general feedback