The Canadian Federation of Independent Business (CFIB) has ranked Okotoks as the second most fiscally responsible Alberta municipality in real operating spending between 2007 and 2017.
Okotoks experienced a 6.3 per cent growth in real operating spending per capita from 2007 to 2017 and an operating spending per capita of $1,591 in 2017, which is second only to Cochrane in being fiscally responsible.
“This report demonstrates the financially responsible direction Council has set to ensure that our community is well-positioned for the future,” said Mayor Bill Robertson. “This is particularly impressive during the continuing downturn in Alberta’s economy.”
The Alberta Municipal Spending Watch Report, produced by the CFIB, analyzed operating spending of Alberta municipalities with populations greater than 25,000 in 2017. The results indicated that municipal operating spending within the majority of communities was more than double the rate of population growth during the 10 years.
Okotoks was one of only three exceptions where spending remained sustainable and balanced with population growth.
The report indicated that Okotoks is an example of how a community can control real operating expenditure growth after a natural disaster. While there was a significant spike in operational costs in the year following the 2013 flood, Okotoks has since decreased expenditure growth to bring it more in line with population growth.
“As Council begins discussing the 2020 budget, we will continue to remain fiscally responsible while maintaining the high quality of life our residents enjoy,” said Robertson.