Budget
Council Approves 2026 Budget - Slashing Projected Tax Increase from 21% to 4.2%
Responding to inflationary pressure, the budget demonstrates the collaborative relationship and aligned priorities between Council and Administration. The approved budget establishes a sustainable path forward and focuses on streamlining operations without compromising essential services and maintains a strong focus on infrastructure to ensure viable growth and future development.
Back - To - Basics
Initial budget projections forecast a steep tax increase of 21%. A swift corporate restructuring decreased overall staff by 20% and reduced the initial tax increase from 21% to 12%. After conducting a rigorous cost vs benefit analysis, further efficiencies brought the final increase to 4.2%, and resulted in the removal of the Municipal campground and the discontinuation of the Sheep River Shuttle. Changes to service levels due to lowered staffing will impact snow control, arena support, corporate communications as well as community events and services. The condensed corporate structure and focused service delivery provided the critical balance needed to meet the desired budget targets. Even with the reduced tax increase, the 2026 budget transfers $697,204 to reserves.
"This budget reflects responsible choices and a shared commitment to long-term sustainability. Residents sent us a loud and clear message that they did not want big tax increases. We heard them. By making tough but necessary decisions, we've kept taxes affordable and still managed to build meaningful reserves for the future of our community." - Mayor Brendan Kelly
Leveraging Partnerships to Maximize Operations
Aligning operations to maximize efficiency, the Town of Diamond Valley has entered into a contract with Aquatera to secure the future of wastewater management services for the Westend Sewage Lagoon. The partnership ensures the required staffing and operations meet the stringent government regulations for the new Level III facility. The Westend Sewage Lagoon is a key piece of infrastructure which will facilitate sustainable development of the Town for many decades to come.
"We were faced with a challenging task that required difficult decisions," said CAO Adam Davey. "This back-to-basics budget streamlines processes, creating efficiencies, and positions Diamond Valley to operate from a foundation of affordability and stability."
Revenue Sources
Less than 50% of Diamond Valley's operating revenue comes from taxes.
Reducing Tax Revenue
In an effort to reduce tax revenue, Council continues to move forward with its objective of operating utilities at full-cost recovery.
- Organics waste rates were increased $1.55/bi-monthly to remain at full-cost recovery.
- Water and wastewater rates were increased and will continue to transition towards full-cost recovery.
Moving Forward in 2026
The 2026 Budget focuses on operational performance and reflects experienced leadership and responsive collaboration. The budget minimizes the inflationary impact on residents while maintaining stable operations and lays the groundwork for future growth.
Where Your Municipal Tax Dollars Go
Below is an example of municipal tax distribution based on a property assessed at $590,000