Operational Budgets
   
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Operational Budgets

Devon's annual Operating Budget is an estimate of the revenues and expenditures required to fulfill the operational needs of the Town over the next year. Near the end of the year, Administration and Council work together through budget deliberations to chart out the budget for the next year and ensure service levels are maintained or adjusted as per Council's direction.

Final Operating Budgets are generally presented to Council at their December Regular Council Meeting to ensure the budget is ready to implemented on January 1 of the upcoming year.

Operational Budgets

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2022 Town of Devon Operational Budget    

Devon Council approved the 2022 Operating Budget at their Dec. 13 Council Meeting with a 3.90 per cent municipal tax increase for 2022.

For a household with a median assessed value of $305,000, the estimated impact of a 3.90 per cent tax increase is about $71.97 per year or $6.00 per month. Property assessments are based on the market value of a property as of July 1 of the previous year.

Highlights in the 2022 Capital and Operating Budgets include:

  • Debenture costs for the new ball diamonds development and paving of Range Road 262
  • Extension of Michigan Street to Highway 19
  • Installation of new solar crosswalks
  • Replacement of Fire/Rescue Engine (cost shared 50/50 with Parkland County)
  • Funding for the continuation of RVA Trail East (cost shared 1/3 with RVA & Federal Government)
  • Maintaining reserve transfers for the future of Town facilities

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Town of Devon Municipal Office
1 Columbia Avenue West
Devon, AB T9G 1A1

 Phone: 780-987-8300
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