ABOUT THE PROJECT
The Town is at a critical juncture in terms of its future size, urban form and character. Cochrane’s population could more than triple over the next 50 years. While demographics and economics will largely drive growth, Cochrane’s high quality of life and strong sense of place enhances its potential to attract an even larger share of the region’s projected growth.
The Town of Cochrane’s municipal mandate is to provide transportation services, protective services, public utilities, various social and cultural programs and a variety of services to the community. The Municipal Government Act (MGA) mandates municipalities to adopt annual operating and capital budgets that must reflect revenues exceeding or equaling expenditures. The Town of Cochrane adopts a balanced budget that nets to zero (revenues equal expenditures) every year.
Beginning in 2019, the MGA requires municipalities to prepare a three-year budget. In Cochrane, budget managers in each operational section develop a zero-based budget, clearly explaining any increases or decreases. This approach aligns with the Town’s philosophy to minimize tax increases while maintaining or improving services levels and maintaining a proactive infrastructure program that considers both current and future requirements.
The draft 2019-21 budget was presented to Council at their October 22 meeting. Council debated the budget November 15, 16 and 19, and then gave final approval at the December 10 Council meeting.
All information and budget documents: cochrane.ca/Budget
PROVIDE YOUR INPUT
Thanks to everyone who provided input. The budget was approved by Town Council December 10, 2018.
There are no upcoming events.