TAMRMS#: B06
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Implications of Provincial Budget
Presented by: Diane McMordie, Director, Financial Services & Information Technology/CFO
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RECOMMENDED MOTION
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That the Community Growth & Infrastructure Standing Committee recommend to Council that the report titled “Implications of Provincial Budget” be received as information.
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PURPOSE OF REPORT
To provide the Committee with key highlights from the Government of Alberta’s 2021-2024 budget called “Protecting Lives and Livelihoods” which was tabled in the Legislative Assembly on February 25, 2021.
This report seeks to communicate our understanding of the extent to which the provincial budget will impact the City and it’s residents in the near and longer term.
ALIGNMENT TO COUNCIL STRATEGIC PRIORITY
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ALIGNMENT TO SERVICE DELIVERY
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ALIGNMENT TO COUNCIL (OR COMMITTEE) DIRECTION OR MANDATORY STATUTORY PROVISION
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BACKGROUND AND DISCUSSION
The City of St. Albert is committed to maintaining and improving our long term sustainability. Through initiatives such as the Operational and Fiscal Review and the pursuit of potential revenue sources such as waste to energy, solar farm and an energy corporation, the City strives to continue providing valued City services and maintain and grow our infrastructure with reduced impacts to property taxes.
The tax and political structure in Canada requires partnerships between Federal, Provincial and local governments to provide needed and desired services to Canadians. As residents physically live and work in our Cities, Towns, Villages and rural communities, municipal governments are in the position of having to directly provide or support almost all of these required services however at the same time have limited ability to generate revenues outside of traditional property taxes.
It has long been recognized that financial support from the provincial and federal governments is critical, most notably in the area of infrastructure manage...
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