2026 Budget

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Participate

Consider yourself invited to the 2026 draft budget open house:

  • Come ask the Mayor, Council, and Town staff your budget and property tax questions
  • March 19, 2026, NexSource Centre, 4:00 PM - 7:00 PM

2026 budget planning is underway. You can have your say here:

We'll post updates here. If you haven't already, please create an account so you don't miss notifications.

Participate

Consider yourself invited to the 2026 draft budget open house:

  • Come ask the Mayor, Council, and Town staff your budget and property tax questions
  • March 19, 2026, NexSource Centre, 4:00 PM - 7:00 PM

2026 budget planning is underway. You can have your say here:

We'll post updates here. If you haven't already, please create an account so you don't miss notifications.

  • Education Taxes - Explained

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    Under Alberta legislation, municipalities are legally required to collect the education property tax on behalf of the Government of Alberta. Municipalities do not determine the amount, purpose, distribution, or collection method of the tax.


    Tell Me More…

    The Province annually determines the total revenue required for education, calculates each municipality’s education property tax requisition, and obligates municipalities to collect this amount through property assessment and taxation.

    Municipalities collect education tax dollars from their ratepayers, and send them to the Province, and may also remit funds to separate school boards where applicable.

    Residents often mistakenly believe municipalities control the education tax because it appears on the municipal tax bill. If you'd like read more information about how education property taxes are calculated and collected, find more information online.

    To summarize:

    • The Province, not Sylvan Lake Council, determines:
      • the total education tax revenue,
      • the provincial tax rates, and
      • each municipality’s (Sylvan Lake’s) required contribution


    Education taxes do NOT fund Sylvan Lake services

    The Province specifies that education property tax revenue supports public and separate school students and funds instructional costs such as teacher salaries, textbooks, and classroom resources—not municipal operations.


    If it’s not a tax from the Town, can’t I just get a separate bill?

    The short answer is: we can’t. Municipalities are required to collect the provincial requisition through property assessment and taxation, meaning the education tax must appear on the municipal property tax bill.

    There is no legal authority for municipalities to:

    • issue a standalone education tax invoice,
    • change the billing structure, or
    • administer the education tax outside the municipal tax notice


    What’s the bottom line here?

    The education property tax is a provincial tax. The Government of Alberta sets the amount each year, and municipalities are required by law to collect it through the property tax system and send it to the Province. The municipality does not control the rate, does not keep the revenue, and cannot issue a separate provincial bill.


    What if I still have questions about education taxes and how they work?

    To learn about education taxes visit Education property tax | Alberta.ca

  • 2026 Capital Budget Passed

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    Council approved the 2026 capital budget at the December 9, 2025 Regular Meeting. Section 242 of the Municipal Government Act requires a municipality to adopt a capital budget for each calendar year prior to January 1 of each year. Deliberation of the 2026 capital budget and 10-year capital plan by Council took place on November 18, 2025 and December 2, 2025


    What you need to know

    The Capital budget for the Town of Sylvan Lake in 2026 is $20,835,200. Capital project highlights include:


    Vehicle fleet replacements

    • Emergency services (Fire, Municipal Enforcement)

    • Public works (beach tractor, town trucks)


    Utility upgrades to Town infrastructure

    • Lagoon reclamation

    • Water main connections to Beacon Hill

    • Additional supply wells and water mains


    Parks Development and Upgrades

    • Pogadl Park Development, including:
    • Synthetic turf field (football/soccer use)

    • Pickleball courts

    • Parking lot and entrance road paving

    • Ball diamond upgrades

    • Centennial Park Washroom upgrades (additional stalls, upgraded for year-round use)

    • Cemetery signage and beautification

    • Skate Park maintenance

    • Trail wayfinding signage


    Recreation Enhancements

    • Fitness equipment replacement at NexSource Centre

    • Culture & Art projects (Art & Mural installations)


    Infrastructure Upgrades

    • 50 Street to 48 Avenue & 50 Avenue realignment

    • Memorial Trail to 60 Street

    • Final Development of Herder Drive

    • Street Rehabilitation program

    • Wildrose neighbourhood

    • Asphalt removal

    • Curb and sidewalk repair

    • Roadway structure repair

  • How Budgeting Works

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    Work is underway! Council is working hard to put together a budget for 2026. Here's a very basic rundown of the process:


    1. Have your say before budget is approved

    • We are asking for your feedback before budget is finalized
    • Provide direct feedback by completing the Laker Feedback survey
    • Thanks to everyone who joined Council at the Info Night Fun Fest in September to provide feedback


    2. Building the 2026 draft budget (Town staff)

    • Staff from each division and department prepare their changes: increases, decreases, savings, new projects, and staffing requests
    • Staff take this information and compile a document outlining the budget and changes
    • These budgets are prepared based on maintaining service levels for Lakers, aligning with Council's Strategic Plan, community feedback, and more.


    3. 2026 Draft budget deliberations (Town staff)

    • Directors, managers, and staff from each department present their draft budget requests and information to Council
    • Council asks questions, requests changes, and works with staff to ensure resident priorities are heard
    • Council approves a draft budget


    Return to the 2026 Budget home page.

  • 2026 Draft Budget

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    Once the budgeting process starts, this page will include:

    • Budget Debt Borrowing and Payments
    • Budget Capital Plan
    • Financial Reporting
Page last updated: 10 Mar 2026, 05:45 PM