Budget and Financial Reports | Regional Municipality of Wood Buffalo

Proposed 2026 Municipal Budget

Council will deliberate the proposed 2026 Municipal Budget during budget meetings from February 3 – 5, 2026 from 9 a.m. - 5 p.m.

Want to learn more about the proposed budget? Check out the resources below:

2026 Budget Primer
- The Budget Primer is a plain-language budget guide and is a great tool for those with questions about how the municipal budget works and what it means for residents.
2026 Proposed Budget & Financial Plan
- This budget book outlines the Municipality's plans to meet the public service and infrastructure needs of its residents.
Community Investment Program and Operating Budget agenda package
Capital Budget agenda package

Register to speak to Council at the Budget Meetings

Members of the public who wish to speak virtually or in-person to the 2026 Municipal Budget, will have five-minutes during specific public delegation periods each day of the budget meetings. Items where delegations are accepted are noted on the agenda.

To register, please submit the 2026 Budget Request to Speak Form or call Pulse at 780-743-7001.

Register by 9 a.m. on February 3, 2026, to speak to the Operating Budget (including the Community Investment Program).
Register by 9:00 a.m. on February 4, 2026, to speak to the Capital Budget.

Watch Budget Meetings

Budget meetings are conducted in person in Council Chambers at the Jubilee Centre and also streamed live 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.

Past Budgets

2026 Budget Glossary

News Release: Council approves 2026 interim budget

Financial Reports

Fiscal Management Strategy