2026 Municipal Budget
Following five days of deliberations, Council has approved a $661 million Municipal Budget for the Regional Municipality of Wood Buffalo - balancing fiscal responsibility and operational stability with investments in growth and innovation.
The budget is comprised of $518.6 million for operations and $142.5 million to be transferred to reserves, primarily for capital purposes. The capital budget is $134.4 million with funding from grants and 2026 revenues.
Check out budget highlights below! The approved 2026 Municipal Budget will be added to this page as it becomes available. In the meantime, you can view the proposed budget resources for additional information.
2026 Proposed Budget & Financial Plan
This budget book outlines the Municipality's plans to meet the public service and infrastructure needs of its residents.
Watch Budget Meetings
You can watch the recordings of the Budget Meetings on the Municipality's YouTube channel.
About the Budget
Each year, Council approves a one-year operating budget, a two-year financial plan, as well as a one-year capital budget and a five-year capital plan. Following an election, Council may adopt an interim budget for the first quarter and review the full annual budget early in the new year.
Budget dollars come from several different revenue sources, such as property taxes and grants from other levels of government. They also come from services provided by the Municipality like fees for utilities, water and the landfill.
Municipalities in Alberta are required to balance their operating and capital budgets each year – which means that the money spent must be equal to the money collected. To balance the budget, the RMWB carefully considers and prioritizes essential programs, infrastructure needs and the needs of residents.
Operating Budget
The operating budget covers the daily or monthly expenses that keep the community functioning - everything from curbside collection and road maintenance to public transit and water.
Capital Budget
This portion of the budget is put towards bigger investments like buildings, equipment, roads, underground systems and other important infrastructure. This includes acquiring, maintaining, rehabilitating and improving existing infrastructure and equipment.
How our budget is funded
When planning the budget, the Municipality estimates how much money will be generated (revenue) and how that money will be spent (expenses) on public services and capital initiatives over a calendar year.
The revenue that the Municipality collects funds the budget. The Municipality has seven major sources of revenue:
- Taxes (76.5%)
- Sales of Goods and Services (10.7%)
- Return on investment (4.7%)
- Other Revenue (3.3%)
- Government Transfers (3.1%)
- Other Transfers (1%)
- Sales to Other Governments (0.8%)
The 2026 proposed operating budget total revenue is $661,180,462.
Contact Us
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Phone: 780-743-7000
Toll free: 1-800-973-9663
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