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RMWB Council approves 2020 Budget

(Fort McMurray, AB – November 29, 2019) – Regional Municipality of Wood Buffalo (RMWB) Council has approved a $718 million 2020 Municipal Budget, which is a $36 million reduction from the 2019 budget. The budget has allocated $431 million for operations, $191 million for capital purposes and reserves and $96 million for committed undrawn debt reduction.  

The approved budget is aligned with the 2018 – 2021 RMWB Strategic Plan, with additional focus on affordable living, revitalizing downtown and the waterfront, improving the conditions of the region’s roads and transit network, maintaining core services and programs, continuing major capital projects and increasing financial support for community organizations and programming. 

“Budget meetings are an opportunity for the community to come together and discuss our shared path forward,” said Mayor Don Scott. “I’d like to thank all those who participated in this year’s deliberations. With your input, Council has passed a budget that will build a strong Wood Buffalo by advancing the region’s strategic priorities, reducing the tax ratio and supporting local quality of life.”  

In 2020, support for the Community Investment Program will increase by $43 million. Council recognized an increased need for direct community support with a total investment of $77 million into the program.     

“The 2020 Budget contributes to our larger efforts of reducing the tax-ratio in a measured manner, with a fiscal plan,” said CAO Annette Antoniak. “Since introducing zero-based budgeting in 2017, our budget has decreased by $162 million. I’d like to thank everyone who has made this possible, especially municipal staff who have worked diligently to find efficiencies and savings.”  

Budget meetings began Nov. 27 with deliberations on the Community Investment Program, followed by the operating budget and concluding with the capital budget on Nov. 29.   

For those interested in learning more about the 2020 Budget, there are educational resources available on the municipal website. The 2020 Budget highlights will be available early next week at rmwb.ca/budget.  

Members of the public can watch videos of all the budget meetings and view the approved budget documentation at rmwb.ca/council

To learn more about the region’s strategic priorities identified in the 2018 – 2021 RMWB Strategic Plan, visit rmwb.ca/strategicplan

For questions or further information, connect with Pulse at 780-743-7000, toll free at 1-800-973-9663, or online at rmwb.ca/pulse

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Media inquiries:

media@rmwb.ca 

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