News

Posted on: December 13, 2016

2017 BUDGET APPROVED; TAX INCREASE SET AT 0.83%

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The Town’s total expenditures for 2017 is $48.9 million, with $25.1 million in offsetting revenues, resulting in $23.8 million in municipal property taxes to achieve a balanced budget. The property tax increase of 0.83% is estimated to impact the average residential property by $1.44 per month, or $17.29 for the year.


Council approved $18.5 million in capital projects:

Bow River Bridge crossing and connections next steps    $5.6m

Wastewater capacity increase phase 1 transfer station wet well    4.9

Community Revitalization Levy downtown rail crossing next steps    3.0

Roads renewal surface improvements to collector roads    1.5

Water plant improvements    0.7

Facilities growth (including Operations Shop parking, facilities security)    0.5

Griffin Rd and River Ave traffic signals    0.4

Fleet and equipment    0.4

New dog park (Hwy 22 north of Quigley Dr)    0.3

Facilities lifecycling (including RancheHouse, Library, Eco Centre)    0.3

Horse Creek Rd rail crossing detailed design    0.1

SLS Family Sports Centre elevator, martial arts, climbing wall, paving, heat exchanger    0.3

Subtotal     18.0

Other capital projects    0.5

Total Capital Projects 2017 Budget    18.5


There are no increases for water, wastewater, storm sewer, solid waste or recycling utility rates. There is a 4% increase proposed for building permit fees.


During the day-long deliberations in November, Council increased funding for some community groups:

• Cochrane Activettes: to $15,000 from $12,240

• Cochrane Public Library: to $532, 239 from $457,239

• Cochrane Victim Services: to $50,000 from $25,500

• Rockyview Regional Handibus Society: to $168,317 from $122,437

• Community grants: to $65,000 from $50,000 (a tier policy will be also be developed)


Council received the draft 2017 budget at the end of October. Town administration solicited questions and feedback from the community until the end of November. All feedback was provided to Council before their deliberations.

Full budget documents.
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