Budget & Financial

Budget 2023

Annually, Council adopts a budget that guides capital and operating expenditures for the given year. For the 2023 Budget, an interim budget will be approved by Council in December and the budget will be presented for Council to debate in April.

2023 Budget Survey - What We Heard Report

Tell us your priorities! Starting August 9, 2022, the Town of Lamont invited residents and business owners to take a short survey concerning municipal priorities. The survey was live from August 9 to September 30, 2022.

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.

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

2023 Budget Survey - What We Heard Report

The report is now available here:  What We Heard Report - 2023 Budget Survey Results 

2022 Budget Survey - Tell Us Your Priorities Report

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

2021 Budget Survey - What We Heard Report

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

Budget 2023

Interim Operating Budget

Budget 2022

2022 Tax Infographic
2022 Budget Presentation
2022 Operating Budget Summary

Budget 2021

2021 Tax Infographic
2021 Budget Presentation
2021 Operating Budget Summary

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.