Town of Banff

Budget 2009

Council approved the 2009, 2010 and 2011 operating and capital budgets at the December 15, 2008 council meeting.

• 2009 Operating Budget ( PDF - 13 kb)
• 2009 Capital Budget ( PDF - 377 kb)

The budget represents a 0% increase to municipal taxes in 2009. This was achieved through a combination of reduced spending and increases to revenue, including:

• The transfer to capital reserves was frozen at 2008 levels;
• Town of Banff staff wages were frozen at 2008 levels and two staff positions were eliminated;
  
• All summer student positions for 2009 were eliminated;
• Licenses, permits and user fees were increased between 5% and 25%;
• Revenues from police and bylaw fines are targeted at higher levels;
• The public swim subsidy to the Banff Centre was reduced by roughly 30%;and
  
• Many requests for new or increased funding were declined, with the exception of a request for $1,500 from Bow Valley Victim Services.

Significant capital projects approved by Council for 2009 include:

• $4.7M for construction of a new transit building (carry over from 2008)
• $31M to upgrade the Banff Recreation Centre (over 3 years)
  
• $1.2M to upgrade the well system
• $150,000 for Bow Falls cliff top staircase upgrade
• $5.4M for Cave Avenue water, sewer and road upgrade
• $300,000 for sidewalk upgrades
• $500,000 for installation of new commercial water meters
• $400,000 for additional recycling bins
• $1.6M for wayfinding implementation (over 4 years)
  

Capital projects removed indefinitely from the capital budget include:

• Bow Falls Viewpoint improvments - $500,000
• Burial of overhead lines - $2.1M
• Pedestrian bridge - $650,000

For more information, contact the corporate services department at corporate_services@banff.ca or 403.762.1210.