Page 3 - December 15 2014
P. 3
THE ANCHOR, MONDAY, DECEMBER 15, 2014 PAGE 3


‘No tax increase in County’s 2015 interim budget
4 Bacon Wrapped
Councillor Russell voices concerns with potential Top Sirloin Steaks

$8M debt and $21M from reserves SAVE $3
continued from front
The plunging price of preparation is done one $ 5 4 . 2 m i l l i o n , Municipal Government
oil and the potential year and paving the next, requisitions which are Act councils must have a
impact on county the budget allows for paid to outside bodies budget in place for each
revenue was another both to be completed in a budgeted at $22.5 c a l e n d a r y e a r
concern for Russell. single year if time and million, and non-cash commencing on January
“Industry is far and away construction allow. items at $10.1 million. 1. The interim budget
the largest contributor to The remainder of the The funding for the w a s p a s s e d w i t h
our municipal tax base potential debt figure is to budget is provided councillor Russell
and if industry is hurting allow for additional through $7.8 million in opposed to its adoption.
in Yellowhead County communication towers grants, $21.3 million Address: #101, 330 45 St,
then we are sure to feel if needed. coming from reserves, Phone:(780) 712-4272
the financial pain as $8.1 million would be
well.” Mayor Soroka from acquired debt, $6 We specialize in protecting and maintaining
Russell went on to say asked councillor million budgeted from
that he agreed that the the oil well drilling tax, the appearance of your vehicles
proposed projects have Russell, “The investment income is
value but felt council senior's housing expected to produce
had an obligation to w i l l h a v e a $1.3 million, taxation NEW VEHICLE? NEW PAINT?
“protect our financial financial impact. for schools is set at $21.4
position.” We are staying at million, while senior's Stop paint chips with Xpel Films
Mayor Soroka said he taxation is $1.1 million. Computer Generated Kits
spoke with industry the same tax rate. Of the remaining, $52.2
representatives and had What would you million will come from to Fit most vehicles.
received no indication have us do?” municipal taxes, $4
t h a t a n y o f t h e million from other HAVE YOUR VEHICLE PROTECTED TODAY!
companies would be C o u n c i l l o r revenues such as fees,
unable to pay their taxes Cherniawsky agreed d o n a t i o n s a n d
and therefore the impact that the price of oil is contributions, and $10.1 5925 - 3rd Avenue, Edson
to the county would dropping dramatically million from non-cash 780-723-5353
likely be more from the but pointed out that the items.
drilling tax than actual price of gas is not. With The major capital Like us on
tax revenue. the potential loss to the expenditures for the
Mayor Soroka asked provincial coffers 2 0 1 5 b u d g e t a r e
councillor Russell, “The Cherniawsky said she e x p e c t e d t o b e
senior's housing will had doubts as to whether $37,677,837 on road and
have a financial impact. t h e E v e r g r e e n s bridge construction and
We are staying at the Foundation would $3,377,641 on sanitary
same tax rate. What receive the provincial sewer. Other notable
would you have us do?” funding they need capital expenses include
Russell replied, “I'd thereby alleviating general administration
rather not see us go $8 stress on municipal at $2,982,209, fire
million in debt and take budgets. services at $2,612,700,
$21 million from Councillor Berry said, cultural and historical is
reserves. We have “It is our job to move capital expense is
significant income from ahead with the county. I budgeted at $2,431,991
our tax levies. More like the budget. It is and transportation
than Edson and Hinton tough to go into debt. I (streets, sidewalks
combined and they get personally despise debt. etcetera) at $2,073,113.
by. I don't think we But I don't see this as The final 2015 budget
should attack our being a long term thing – will be adopted in March
reserves and we should more like a two year a f t e r t h e a n n u a l
not go into debt.” gap.” assessment for tax
Of the $8 million in The total 2015 Interim purposes, the school tax
p o t e n t i a l d e b t budget is $133,635,947 requisition, and the
a p p r o x i m a t e l y $ 7 with operating costs s e n i o r s h o u s i n g
million is to cover road accounting for $46.6 requisition are received.
p r o j e c t s . W h i l e m i l l i o n , c a p i t a l According to the
t y p i c a l l y b a s e expenditures are set at


ANCHOR HOLIDA
ANCHOR HOLIDAY PUBLISHING SCHEDULEY PUBLISHING SCHEDULE

December 15: Regular Issue.
December 15: Regular Issue.
December 22: Christmas Issue.
December 22: Christmas Issue.
The Anchor will be closed from Dec. 22 to Dec. 28.
The Anchor will be closed from Dec. 22 to Dec. 28.
We will be open Monday, Dec. 29, 30 and 31 from 9 am to 5 pm., closed
We will be open Monday, Dec. 29, 30 and 31 from 9 am to 5 pm., closed
January 1 and 2. We will reopen January 5, 2015 to resume regular hours.
January 1 and 2. We will reopen January 5, 2015 to resume regular hours.
We will be taking our Christmas break so there will be no edition of the Anchor
We will be taking our Christmas break so there will be no edition of the Anchor
the week of December 29, 2014.
the week of December 29, 2014.
The next regular edition of the Anchor will be on Monday, January 5, 2015.
The next regular edition of the Anchor will be on Monday, January 5, 2015.
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