Friday , 21 January 2022

M.D. Council passes balanced 2022 Budgets

The Municipal District of Bonnyville (M.D.) Council approved a balanced 2022 Capital and Operating Budgets at its meeting on December 8.
Council will set the 2022 Mill Rates in the spring.

The Operating Budget came in at $110,738,990 and covers the day-to-day business of running the M.D. Expenditures include such things as staff wages, fuel, building maintenance, and utilities. The Capital Budget, which deals with road construction, equipment replacement,
and building new infrastructure came in at $50,581,990.

This is the first budget for the newly elected Council. This year, Council decided to concentrate on finishing carryover projects in 2022, and as such, this budget includes $36.4 million of capital projects carried forward from previous years.

“With the global pandemic impacting supply chains and the increased costs of doing business, some projects were put on the back burner. We’re dedicated to seeing those projects through before starting on anything new,” said Reeve Barry Kalinski.

The majority of the budget is being funded through General Municipal Revenue, which includes property taxes, at $102,203,255. Other funding sources include grants, reserves, fees, fines, and revenue from Parks, Recreation & Culture, and Kinosoo Ridge.

About Arthur C. Green

Arthur C. Green is an award winning journalist and is from Whitbourne Newfoundland. Green graduated from the CNA Journalism Program. Arthur also studied Business Marketing and Political Science at Memorial University in Essex England and St. John's Newfoundland. Green has worked for such organizations as CBC, CBC Radio, NTV, Saltwire, Great West Media, CKLB Radio, River Radio, Vista Radio, and Postmedia. He also loves Jiggs Dinner and can fillet a Codfish.