The Town of Millet council passed several important budgetary and tax documents during their regular meeting May 9.
2018/19 Tax Rate Bylaw
Town CAO Teri Pelletier presented the item to council, noting that council had already discussed various mill rates. She also pointed out the school requisition and seniors housing portions of tax bills have nothing to do with the town; the town collects those taxes for other parties.
The agenda item included a copy of the proposed bylaw, which stated the total residential mill rate would be 10.2481, total annexed residential would be 4.923, total non-residential would be 16.398, total non-residential – designated industrial would be16.4321 and total machinery and equipment mill rate would be 13.2761.
Councilors voted on first reading; it was passed, with councilor Robin Brooks voting against.
After first reading, mayor Tony Wadsworth spoke a bit about the annexation of land from the County of Wetaskiwin. Wadsworth stated those new Millet residents actually get to choose between town and county tax rates, whichever is lower, for the next 10 years or until development occurs.
Second reading was then passed, with councilor Brooks opposed.
Since the 2018/19 tax rate bylaw was first presented at this meeting, it could only proceed to third reading if a separate motion to do so is passed unanimously by council. They did so.
Third reading was passed, with Brooks again voting against.
Wadsworth said later staying the course was important to councilors. “Overall, I am satisfied with the 2018 Budget because I can see that most homeowners will realize a slight reduction in their taxes,” stated the mayor May 17.
“t is clear to me that the growth we have experienced through the annexation will already have a positive effect upon all taxpayers, in both the existing and annexed areas. This can only continue to bode well into our foreseeable future as the new developments we envisage come into fruition.
“We have managed to stay on course in continuing to upgrade our infrastructure and, at the same time, incorporate some slight improvements in services, notably in enhancing our parks and trails system. Council was also very conscious in exercising some restraint in allocating our reserve balances so that our plans for growth in future years can continue to reflect a worthwhile investment being made by the Town as we grow and move forward.”
2018 Operating Budget
Pelletier presented councilors with the proposed 2018/19 operating budget; the agenda item noted total expenditures would be $4,494,000 and total revenues would be $4,494,000, a per cent change of 6.42 over the 2017 budget.
Pelletier noted tax revenue was increasing to just over $2.4 million, a significant amount, and reminded councilors this was in large part due to the annexation of land from the County of Wetaskiwin.
She pointed out the municipal part of the mill rate will not increase from 2017/18. However, Pelletier said a property owner’s assessment, combined with mill rate, will determine whether their tax bill goes up or down.
Councilors approved the operating budget.
2018 Capital/Project Budget
Councilors heard a report from Pelletier describing the upcoming year’s capital budget. She noted the total budget was just over $1.1 million.
Some items listed on the budget included public service trucks budgeted at $24,000, Agriplex upgrades budgeted at $13,825 and Power/Gas to Diamond Drive, budgeted at $500,000.
Councilors approved the 2018 Capital/Project budget.