Cash grab-Alberta School Foundation Fund Requisition:
The requisition will jump by $214,789.32 for 2012 which in simple terms if the municipality does not off set this with other savings (Thunder in the Valley $160,000 for example).
Taxes will increase by $114.81 on a $350,000 property or $65.60 on a $200,000 property.
Proposed Cash grab-Utilization of Franchise Fees to stabilize the mill rate.
Interesting concept the municipality will increase your Power and Gas rates so your mill rate does not go up as much. We will take more out of your left pocket therefore we can take less out of your right pocket.
By increasing the Atco rate in 2013 to the maximum a further $211,980 will be brought in, by increasing the Fortis rate to the maximum in 2013 a further $124,965 will be brought in.
Incentive for additional cash grab-The census results which saw the population of the Crowsnest Pass drop by 184 people will result in a per capita funding decrease of $78,586 for 2012.
Information-Municipal Reserves now sitting at $ 1,131,328
Information-Municipal debt now sitting at $1,578,507