Budget & Financial

Budget 2022

Annually, Council adopts a budget that guides capital and operating expenditures for the given year. For the 2022 Budget, an interim budget will be approved by Council in December and the budget will be presented for Council to debate in April.

2022 Future of Policing & Capital Planning Two-Part Survey

Tell us your priorities! Starting July 7, 2021, the Town of Lamont invited residents and business owners to take a short two-part survey about the future of Policing and Capital Planning. The survey was live from July 7 to August 9, 2021.

What is the reason for the survey?

Like many municipalities, the Town of Lamont, faces a constant struggle to maintain aging infrastructure, such as stormwater systems, roads, buildings, and other municipal assets, while also planning new services and systems to meet community needs.

Based on the survey data, infrastructure remains the highest priority to ratepayers, including water, sewer, storm management and transportation. Utility infrastructure scored the highest, followed by transportation as very important.

Views expressed in the survey will assist Council and Administration during budget planning and deliberations and help with future capital planning decisions.

2022 Budget Survey - Tell Us Your Priorities Report

The Tell Us Your Priorities Report shares the results from the Town of Lamont’s 2022 Online Budget Survey.

Results (and comments) were provided to Council for their consideration during Budget deliberations.

The report is now available here:  Tell Us Your Priorities Report - 2022 Budget Survey Results 

2021 Budget Survey 

New to the budget process this year, the Town asked for input from the public to help guide this process before beginning the next cycle of the budget process.  

Council and Administration want to understand what spending priorities are most important to residents and business owners, and if we should increase, decrease, or maintain municipal service levels while developing the next budget.

Participation was voluntary and responses were anonymous and kept strictly confidential.  The survey was conducted from July 17 to September 11, 2020.

2021 Budget Survey - What We Heard Report

The What We Heard Report’ shares the results from the Town of Lamont’s 2021 Online Budget Survey.

Results (and comments) were provided to Council for their consideration during Budget deliberations.

The report is now available here:  What We Heard Report - 2021 Budget Survey Results 

Budget 2020

2020 Budget Highlights
2020 Tax Infographic
2020 Budget Presentation
2020 Operating Budget Summary

Financial Plans
3yr Operating and 5yr Capital Plan

Financial Statements

2021 Financial Statement
2020 Financial Statement
2019 Financial Statement
2018 Financial Statement

The average municipal tax bill is comprised of three elements:

Municipal Property Tax
Municipal property tax rates are determined by the programs, services, and infrastructure needs of residents and businesses. Tax Rates are applied to the assessed value of properties within the municipalities.

Education Property Tax
Every year the province calculates, based on assessment value, the amount each municipality must contribute towards the public education system. Municipalities collect the education property tax from rate payers and then forward it to the province for a deposit into the Alberta School Foundation Fund.

Lamont County Seniors Foundation
the Town receives a requisition from the Lamont County Seniors Foundation which provides affordable seniors housing. Under the Alberta Housing Act, the Town is required to collect these funds from the municipality property owners, similar to the education requisition.