An operating budget for next year of just over $28.4 million dollars and a capital budget of a little more than $7.65 million have been given the green light by Olds council. Council also approved the 2019 to 2028 multi-year capital plan for Olds in the amount of just over $60 million dollars during the Monday, December 11th meeting.
Olds council approved 2018 operating and capital budgets on Monday, December 11th.
The operating budget is just over $28.4 million dollars. The capital budget is a little more than $7.65 million dollars.
Chief Administrative Officer Michael Merritt says the 2018 budget for the town of Olds includes a 2% municipal property tax increase.
Merrritt adds $150,000 was added to the capital budget to do a design of what a new operation centre for Olds would look like.
He notes this is just the first step in making sure they are making a fiscally responsible decision about a new operation centre.
Merritt explains how a new operation centre would benefit the town of Olds.
Council also approved the 2019 to 2028 multi-year capital plan for Olds in the amount of just over $60 million dollars during the meeting.