The Town of Stony Plain Council approved the Municipality’s 2016 Corporate Plan, formally known as the Operating and Capital Budget. Council spent three days deliberating the proposed Corporate Plan and directed administration to revise the document based on their review. The final version of the Corporate Plan was adopted at the Regular Council meeting on November 23, 2015.
“Council is proud of this Corporate Plan. Administration worked diligently to prepare a plan we could call our own. We made our decisions based on the needs of our community and working towards a vision of being strong, vibrant, and excited about our future,” says Mayor W. Choy. “We are aware of our fiduciary responsibilities and acted as prudently and practically as possible throughout this exercise to ensure we are balancing needs with available resources.”
The Corporate Plan was presented as a three-year document to give Council the opportunity to look at the operations and capital on a more strategic level. Also, this provided Council the authority to add, remove or move up initiatives based on strategic priorities and financial resources.
The total approved operating and capital expenditure for 2016 is $61,114,491 compared to $58,172,117 in 2015, showing an increase of about $2.9 million for the Town. Taxes are expected to increase by approximately 7.61% of which 4.96% is related to new initiatives and service level changes. The increase results in an estimated $27 per month increase for the average home owner in municipal property taxes.
Some of the main initiative highlights for 2016 include:
- The addition of one new Peace Officer
- The addition of one full time Fire Fighter
- A public transit system assessment
- Phase I of Boundary Road upgrade project
- The installation of traffic lights at 49Ave and Golf Course Road
- Starting the firefighting training Centre project
“What we’re seeing here is a sensible plan. We recognize the current state of the economy locally, provincially and beyond, we’ve adopted this budget to ensure we see continued investment, growth and the overall wellbeing of Stony Plain,” says Mayor W. Choy. “We currently have one of the lowest tax rates in the Capital Region. While 7.61% may seem like a big jump, when compared to other base level tax rates in the surrounding region I’d say we are doing extremely well at managing our resources and providing the services our residents want and need .”
The Corporate Plan supports the Town’s strategic plan, corporate business plan and departmental business plans. The financial requirements include revenue, expenses and tangible capital acquisitions associated with the delivery of services, new initiatives and service changes for 2016.
To see the three-year Corporate Plan in its entirety visit www.stonyplain.com
Download a copy of the plan here.
For more information, contact:
Corporate Communications Officer
Town of Stony Plain