Capital and Operations Budget 2025

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Budget 2025 Overview

Budget 2025 is built on a commitment to holding the line on spending while ensuring that residents continue to receive the services they depend on. By identifying cost-saving opportunities, streamlining operations, and prioritizing essential services, the Town is balancing fiscal restraint with community needs. Rising costs in key areas, such as policing and inflationary pressures, are being offset through fuel, utilities, and administrative expense reductions. While revenues have shifted due to program changes, careful financial planning ensures that service levels remain stable. This budget reflects a focused approach—protecting core services, finding efficiencies, and keeping costs in check for the future.

The 2025 budget is centered around holding the line on increased spending while ensuring essential services remain in place and community investments continue. While some revenue streams have declined due to program changes and the absence of one-time funding, careful cost management has maintained financial stability. Savings from lower fuel and utility costs and efficiencies in contracted services help counter rising RCMP costs and one-time election expenses. At the same time, the Town remains forward-focused, increasing funding for the Slave Lake Airport, Library, and Wildfire Legacy Center—key investments that enhance local services and quality of life. With debt payments reducing interest costs and strengthening long-term fiscal health, the Town continues to balance responsibility with progress, proving that smart financial management can go hand in hand with a thriving, resilient community. The overall impact on net costs for 2025 means that there will be a 0% increase to the taxes required in 2025. This has been achieved through a mix of cost-cutting and reserve funding. As a result, the average household will see no increase in the municipal portion of its property tax bill. Any changes to the 2025 tax bill will come solely from school requisitions levied by the Town on behalf of the province.

A total of 56 Capital projects were presented to Council for Consideration in the 2025 year. Council accepted 38 of the projects presented and rejected 18. There are 34 newly identified projects, 2 projects carried forward from the previous year and 2 annual ongoing projects. Funding of new projects will amounts to $7,259,500. Carry forward projects and annual projects will require $460,000 in funding. Total funding required in 2024: $7,719,500. Funding sources include reserves $5,390,7630, external sources $578,737 and grant funding $1,750,000.

The Town’s 2025 Capital Budget reflects investments in critical infrastructure, public safety, and community amenities, with a total funding requirement of $7.72 million. Key projects include major road and sidewalk improvements, fire service upgrades with the addition of a new ladder truck and fire engine, and vital waterline replacements to modernize aging infrastructure. Enhancements to recreational facilities, including Wi-Fi upgrades at the MRC, park and trail improvements, and a new diving board for the Aquatic Centre, further demonstrate the Town’s commitment to quality-of-life initiatives. Additionally, the replacement of five fleet vehicles ensures continued operational efficiency. Through planning and a mix of funding sources—including reserves, grants, and external contributions—the Town is maintaining essential services, improving safety, and supporting the renewal of assets.

Will There be An Increase to Property Taxes this Year?

The overall impact on net costs for 2025 means that there will be a 0% increase to the taxes required in 2025. This has been achieved through a mix of cost cutting and reserve funding. As a result, the average household will see no increase in the municipal portion of its property tax bill. Any changes to the 2025 tax bill will come solely from school requisitions levied by the Town on behalf of the province.

Grant Funding

Below is the Grant Funding and 10-Year Outlook tables for the Town of Slave Lake:


For additional information, please click the attached 2025 Operation and Capital Budget links.

Budget 2025 Overview

Budget 2025 is built on a commitment to holding the line on spending while ensuring that residents continue to receive the services they depend on. By identifying cost-saving opportunities, streamlining operations, and prioritizing essential services, the Town is balancing fiscal restraint with community needs. Rising costs in key areas, such as policing and inflationary pressures, are being offset through fuel, utilities, and administrative expense reductions. While revenues have shifted due to program changes, careful financial planning ensures that service levels remain stable. This budget reflects a focused approach—protecting core services, finding efficiencies, and keeping costs in check for the future.

The 2025 budget is centered around holding the line on increased spending while ensuring essential services remain in place and community investments continue. While some revenue streams have declined due to program changes and the absence of one-time funding, careful cost management has maintained financial stability. Savings from lower fuel and utility costs and efficiencies in contracted services help counter rising RCMP costs and one-time election expenses. At the same time, the Town remains forward-focused, increasing funding for the Slave Lake Airport, Library, and Wildfire Legacy Center—key investments that enhance local services and quality of life. With debt payments reducing interest costs and strengthening long-term fiscal health, the Town continues to balance responsibility with progress, proving that smart financial management can go hand in hand with a thriving, resilient community. The overall impact on net costs for 2025 means that there will be a 0% increase to the taxes required in 2025. This has been achieved through a mix of cost-cutting and reserve funding. As a result, the average household will see no increase in the municipal portion of its property tax bill. Any changes to the 2025 tax bill will come solely from school requisitions levied by the Town on behalf of the province.

A total of 56 Capital projects were presented to Council for Consideration in the 2025 year. Council accepted 38 of the projects presented and rejected 18. There are 34 newly identified projects, 2 projects carried forward from the previous year and 2 annual ongoing projects. Funding of new projects will amounts to $7,259,500. Carry forward projects and annual projects will require $460,000 in funding. Total funding required in 2024: $7,719,500. Funding sources include reserves $5,390,7630, external sources $578,737 and grant funding $1,750,000.

The Town’s 2025 Capital Budget reflects investments in critical infrastructure, public safety, and community amenities, with a total funding requirement of $7.72 million. Key projects include major road and sidewalk improvements, fire service upgrades with the addition of a new ladder truck and fire engine, and vital waterline replacements to modernize aging infrastructure. Enhancements to recreational facilities, including Wi-Fi upgrades at the MRC, park and trail improvements, and a new diving board for the Aquatic Centre, further demonstrate the Town’s commitment to quality-of-life initiatives. Additionally, the replacement of five fleet vehicles ensures continued operational efficiency. Through planning and a mix of funding sources—including reserves, grants, and external contributions—the Town is maintaining essential services, improving safety, and supporting the renewal of assets.

Will There be An Increase to Property Taxes this Year?

The overall impact on net costs for 2025 means that there will be a 0% increase to the taxes required in 2025. This has been achieved through a mix of cost cutting and reserve funding. As a result, the average household will see no increase in the municipal portion of its property tax bill. Any changes to the 2025 tax bill will come solely from school requisitions levied by the Town on behalf of the province.

Grant Funding

Below is the Grant Funding and 10-Year Outlook tables for the Town of Slave Lake:


For additional information, please click the attached 2025 Operation and Capital Budget links.