Strathcona County reported a massive surplus in 2017.
Last year, a $13.3 million surplus from the $355 million operating budget was reported. In 2016, it was $19.3 million.
“A more analytical approach to budgeting is proving effective in reducing annual operating surpluses,” said Mayor Rod Frank. “This improvement and a 2.18 per cent tax dollar decrease for 2018 speak to our municipality’s strong fiscal health and stewardship.”
The municipal operating portion saw savings in winter and general road maintenance, favourable contract circumstances, higher investment income and greater tax revenues than anticipated.
Utility operations saved in repairs and recoveries in wastewater services, savings in professional services and overall lower volumes.
Some of the surplus will be placed in reserves to address future infrastructure needs and to fund projects such as the Centre in the Park parkade.