Lethbridge City Council adopts 2023-2026 operating budget
LETHBRIDGE, AB – After a week of budget deliberations, Lethbridge City Council has approved a new operating budget for 2023-2026.
On November 29, 2022, council voted unanimously to adopt the Economic Standing Policy Committee’s recommendations. Lethbridge residents can anticipate an average annual change in the municipal tax rate to 5.1% for each of the next four years.
That is equal to $129.93 per year per single-family house, based on an average market value of $285,800.
This is up from the operating budget’s initial proposal of 3.77%, but with additional initiatives, including a bump in funding for police services and community service groups, an extra 1.33% had to be added.