Mayor and council got their first taste of the upcoming budget deliberations.
On Tuesday, council approved an interim operating budget of $100 million for the first quarter of 2018. While not expected to use all of the funds, this will leave the municipality with money before next year’s budget is approved in February.
They also scheduled their budget deliberations to happen between January 24 – 27.
“One of council’s biggest responsibilities is the vetting and approval of the budget, both operating and capital,” said Councillor Mike Allen.
“I think there’s a strong desire with all the new members of council to be very careful and vet this budget very closely to make sure we are delivering value to our bosses – the Regional Municipality of Wood Buffalo residents.”
Allen says the way they deal with the budget will be “significant” as Bill 21 and Bill 8 continues to loom over the RMWB.
“We’re still collaborating with industry, we have steering groups working together to help make the transition smoother – if we can control our spending, we can minimize the impact on the taxes for the citizens of Fort McMurray and in particular the rural residents.”
Residents will get a chance to voice their concerns or approvals for the upcoming budget during the scheduled workshops.