No new debt for the Town of Okotoks, but a slight increase for taxpayers in 2018.

Council approved the 2018 budget Monday which they say achieves a balance of maintaining current service levels while anticipating growth.

The budget includes $56.3 million for operations and $34.6 million for capital expenditures, with $12.88 million for 2018 capital projects and $12.5 million in multi-year projects.

Residents will see a 3 per cent tax increase, which means an extra $68 annually for the average resident.

Council also approved a 4.24 per cent increase for utility rates which amounts to approximately $56.70 annually for residents.

The budget focused on new initiatives; an in-town local transit pilot, opening the South Fire Hall, and increasing snow clearing on pathway networks.

In 2018 capital expenditures the town is focusing on enhancements to underground infrastructure, and replacing the Laurie Boyd Pedestrian Bridge.

To view the full statement from the Town of Okotoks on the 2018 budget click here.

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