2023 - 2024 Budget

The City of Camrose budget process is based upon long-term financial planning in combination with short-term operational requirements while considering the needs of the Community and Council’s Strategic Plan. The current 2023 – 2026 Strategic Plan was based upon input from citizens through a Citizen Input Survey completed in February 2022.

The Finance Committee met daily between November 14 – 18, 2022 to review the draft budget provided by Administration. The budget is comprised of an Operating Budget and a Capital Budget. At the Regular Council Meeting on December 19, 2022, Council approved the budget for the 2023 and 2024 calendar years. The Capital Plan is approved as a planning document for the period 2023-2032.

2023 - 2024 Budget Highlights

  • 5% increase in property tax rates for 2023 and 2024
  • Electrical franchise fees increasing from 15% to 16% on April 1, 2023 and 17% on January 1, 2024
  • Natural gas franchise fees remaining at 27% for 2023 and 2024
  • 5% increase in water and wastewater rates for 2023 and 2024
  • 2023 and 2024 Capital Budget with total project costs of $33,678,561 and $21,730,869

Current and historic budget and financial documents are available below. If you have any questions about these documents, please contact us at 780.672.4426 or at financialservices@camrose.ca. 

Operating Budget

Operating budgets cover the City's day-to-day operations. Some examples would be snow removal, parks, libraries, and building maintenance.

Capital Budget

Capital budgets cover larger assets and municipal projects. Some examples would be a new building roof, road repairs, replacement vehicles and computer equipment.

Audited Financial Statements

Below you will find the last audited financial statements available to the public. Included is the previous year's budget and the budget for the current year. Contact us if you would like a copy of previous reports.


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