Multi-Year Budget and Plans

Each year The City determines the funds it requires for its operating and capital budget.

2021-2022 Budgets and Plans

On November 29, 2021, administration gave Council an update on the 2022 operating and capital budgets approved as part of the multi-year budget process in 2020. Along with the budget review, administration brought forward recommendations for additional items to both budgets that were externally driven - municipal, provincial or federal. The following are the final amounts for additional items approved and overall budgets:

  • 2022 Operating Budget
    • $5.571M - total amount of additional approved items approved on November 29, 2021
    • $388.594M – total 2022 Operating Budget following approvals on November 29, 2021
  • 2022 Capital Budget
    • $5.976M – total amount of additional approved items on November 29, 2021
    • $103.497M – total 2022 Capital Budget following approvals on November 29, 2021

Resources for the November 29, 2021 budget review:

The first multi-year budget by The City of Red Deer was deliberated from November 30 to December 4, 2020. Administrative proposed multi-year budgets and plans for Council's consideration. As a result, the following budgets and plans were approved:

The approved budgets align with the following guidelines set by Council in June 2020:

  • Zero per cent tax increase: property owners whose property has an average change in assessed value will not see any increase to the city portion of their tax bills in 2021 or 2022
  • 0.5 per cent capital contribution in the 2021 and 2022 Operating Budgets
  • No more than a 0.5 per cent increase in utility rates for 2021 and 2022
  • No increases in user fees or new fees in the 2021-2022 budgets
  • Reserves (excluding offsite and parking reserves) will be in a positive balance
  • The 2021-2022 capital budgets meet the approved Council Policy which limits debt to 75 per cent of the provincial debt limit

2021-2022 Capital Budgets:

During budget deliberations on November 30 to December 4, City Council approved the 2021 and 2022 Capital Budgets. Capital budgets pay for major project such as reconstructing streets; building and improving public facilities such as recreation facilities, community centres, parks and fire halls; dealing with growth pressures such as new streets; and initiatives.

2021-2022 Operating Budgets:

During budget deliberations on November 30 to December 4, City Council approved the 2021 and 2022 Operating Budgets. Operating budgets fund the day-to-day costs of delivering programs and services to the community. These costs are similar to the everyday household expenses such as mortgage payments, utilities and groceries. 

Proposed budgets prior to deliberations:

Section 1 - Budget Highlights (pdf)
Section 2 - Capital Budgets (pdf)
Section 3 - Operating Budget (pdf)