Town of Banff

Operating Revenue

2010 Operating Revenue

• Operating revenues for 2010 are forecasted at $25.7 M. This is a 2.55% increase over the 2009 budget. Visit Budget 2010 for more information about what the increase will cover.
  

• About 63% of property taxes collected in 2010 will go towards the municipal budget - those are the dollars that show in the chart above.
  

• 36% of property taxes collected in 2010 will go to the province for education taxes. The remaining 1% goes to the Bow Valley Regional Housing Authority.
  

• Municipal governments are not permitted to run a deficit.
  

• In the case of a budget surplus, the surplus dollars are transferred to accounts like the capital reserves or the budget stabilization fund.

If you have any questions or suggestions about how to make the information on this page more useful to you, please drop us a note at corporate.services@banff.ca.