The City of Lloydminster 2025 budget holds a proposed tax increase of 4.5 per cent.
The proposal will see a Lloydminster homeowner with an assessed property value of $350,000, pay an additional $120 in municipal taxes in 2025.
That detail is contained in the document which was presented to the GPC meeting on Oct. 30 and is the first big item the new council will face after municipal elections on Nov. 13.
The proposed operating budget is $110 million, and the proposed capital budget is $51.8 million.
Key capital project proposals:
• $28.6 million – completion of Cenovus Energy Hub
• $7.3 million – water and wastewater system replacement
• $5 million – road construction, repairs and rehabilitation
• $1.9 million – wastewater facility lagoon desludging
• $1.6 million – Russ Robertson Arena cement pad replacement
Along with the proposed tax hike, city administration anticipates growth of 2.5 per cent,
equating to $3.23 million. This includes $2.3 million in enhancements to Protective Services.
Inflation and carbon tax continue to be among the City’s most significant challenges in balancing costs of essential services and infrastructure programs, notes administration as the city continues to advocate for the restoration of provincial funding amounts, which have been down since 2020.
The draft budget presentation is on the city’s website.
