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.