Proposed 2025 Budget reduces spending

Following Council direction, City Administration has found savings in the 2025 Proposed Budget without decreasing service levels.

In December of 2023, Council approved a three-year budget for 2024–2026. The pre-approved 2025 budget included an estimated tax increase of 5.9. At that time, Council tasked administration with finding savings in the next budget cycle, without impacting current service levels.

After implementing an array of cost-saving measures, the estimated tax increase in the proposed 2025 budget is now 3.4%. Of that, 1.4% can be attributed to general economic inflationary pressures and 2% to the decrease in provincial funding for infrastructure related expenditures.

“As stewards of our community's resources, we have worked diligently to develop a budget that reflects our commitment to financial responsibility,” says Gene Peskens, Chief Financial Officer for the City of Leduc. “We’ve scrutinized every line item, prioritizing efficiency and ensuring that every dollar is spent wisely. We’ve proposed a budget that keeps our city moving forward without compromising services or the quality of life our citizens expect and deserve.”

The 2025 Proposed Budget will be presented to Leduc City Council for their deliberation over several regular council meetings, each starting at 5:30 p.m.:

• Oct. 21: Public Budget Deliberations (City Manager; Finance; Corporate Services; Grants to Organizations)
• Oct. 28: Public Budget Deliberations (Infrastructure and Planning; Community and Protective Services)
• Nov. 4: Discussion on Flagged Items

Residents are encouraged to review the proposed budget, attend budget deliberation meetings in-person, tune into the livestream or watch the video recordings online.

Each meeting will also include a budget public commentary period where residents can speak to Council about the budget. Speakers must register in advance (email cbelke@leduc.ca) or in-person before the meeting begins.

For more information, visit Leduc.ca/Budget.