STRATEGIC THEME 2 | Fiscal Sustainability Develop a financial framework for establishing tax rates which recognizes the difference between classes of assessment, compares favourably with other municipalities, and demonstrates the relationship between service levels and revenue generated. Key Outcomes: 2.a
Develop robust reserve policies to aid in long-term fiscal and infrastructure sustainability.
2.b
Review tax revenue and assessment policies to meet the financial needs of the County, while remaining competitive.
2.c
Review and implement organizational efficiencies.
2.d
Build a culture of innovation and continuous improvement.
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Administration Activities
Planned Actions for Delivery
Project Lead
Timeline
Review reserve policies (focusing on the Fiscal Sustainability Reserve) and allocation provisions to ensure efficiency and maximum return.
a. Align reserves with long-term planning of the County.
Director of Finance
December 2022
b. Review reserves to reflect uncertainty in market conditions.
Director of Finance
Ongoing
c. Meet with departments to ensure reserves reflect Administrative needs.
Director of Finance
December 2022
a. Align tax classes to be closer to expenditure classes.
Director of Finance
Ongoing
b. Compare mill rates with comparative municipalities.
Director of Finance
July 2022
c. Develop a communications plan for potential mill rate change.
Director of Finance
October 2022
a. Align future land needs and inventory with future economic development.
Director of Planning & Development
Spring 2023
b. Incorporate municipally-owned land inventory into asset management.
Director of Planning & Development
Spring 2023
Develop a tax and mill rate strategy to more accurately reflect differences amongst assessment classes.
Develop a strategy to inform direction on surplus municipallyowned lands.
County of Grande Prairie Business Plan
