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The Town of Slave Lake has heard clearly from residents that they would like more opportunities to provide feedback on key issues for the Town including (but not limited to) the Town Budget. Mayor and Council are currently searching for the appropriate balance of ensuring the Town provides the services and programs that residents expect and need while keeping potential tax increases low in the face of enormous inflationary pressures. Mayor and Council would like to hear from you on what you think the priorities should be for Budget 2023.
Town Leadership and Administration are very much aware of the inflationary pressures residents are currently facing and unfortunately, these pressures extend to the Town and its operations as well. The price of everything from construction and building materials (lumber and paint), to fuel (gasoline and diesel), to insurance and utilities have all increased significantly over the past year. To provide a glimpse into some of the increased costs, governments rely on the Consumer Price Index (CPI) as an indicator of changes in consumer prices year over year. It is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers.
The following is a summary of the increased costs experienced by consumers (including the Town of Slave Lake) in September 2022, highs, and lows for 2022 are also shown to highlight the continual cost increases being experienced by the Town:
These inflationary pressures have put significant strain on Operating Budgets within individual Town Departments. The following are a few expenses highlighting where the Town is seeing significant increases year over year.
The following shows what a potential 3%, 5%, and 7% property tax increase will mean for individual households
Based on the information and context above, please provide your comments on what you think the priorities should be for the 2023 Budget using the form below. All responses will be kept confidential and will not be shared externally.
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