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Month: April 2022

Council Highlights April 12

Town of Bonnyville

Council Highlights

Regular Council Meeting

April 12

BUDGETS APPROVED: Council passed a motion to approve the 2022 Operational and Capital Budgets. The Operational Budget has anticipated revenues of $22,441,766 and expenses are anticipated at $22,696,875, which resulted in a deficit of $255,109. A $255,109 transfer from General Operating Reserve has been included to balance the Operational Budget. The Operational Budget includes a two per cent tax increase, along with a 1.88 per cent increase in the School Tax Requisition and the Seniors Requisition. The Capital Budget came in at $25.50-million, which is balanced. This includes $9.63-million in grant funding, $7.28-million in transfer from reserve, $4.23-million in debenture funding, and $3.24-million for ID 349 funding.

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Town of Bonnyville Approves 2022 Budgets

BONNYVILLE – Town of Bonnyville Council gave the green light to the 2022 Operational and Capital Budgets.

CAO Bill Rogers described the Operational and Capital Budgets as ‘Council driven financial plans.’

“The upcoming year sees the Town of Bonnyville in year three of the COVID-19 pandemic and its related economic challenges,” he told Council during their April 12 regular meeting. “The Bonnyville region has also, as we all know, been hit very hard by the economic downturn that began in early 2015. While we are starting to see improvements in our local economy and the future of Bonnyville looks bright, Budget 2022 continues Bonnyville’s long-standing practice of providing high quality services to our residents as efficiently as possible.”

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