From the town of Sylvan Lake:

Higher revenues, and fewer expenses have resulted in a 2018 surplus for the town of Sylvan Lake.

As a result of the surplus, Council approved the following amendments to the proposed 2019 budget:

• A reduced 2019 residential tax rate, from the proposed 2.74%, down to 1.9%

• A reduced 2019 non-residential tax rate, from the proposed 2.74% to 0%

• The reallocation of $237,000 towards the Sylvan Lake Spray Park Project

• A one-time allocation of $100,000 towards an Information Technology (IT)Sustainability Fund, to address IT service level gaps

“Economic Development continues as a strategic priority for us. As a Council, we understand the challenges that our business community is facing, given the economy in recent years. With an adjustment to our 2019 non-residential tax rate, we are reinforcing our commitment to local business retention and attraction. Council is also happy to approve a decrease to the proposed 2019 residential tax rate; looking to 2019, we are shifting our focus to improving customer service.”– Mayor Sean McIntyre, Town of Sylvan Lake

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