2025 Final Budget

Town of Claresholm Approves 2025 Final Budget

The Town of Claresholm Council has approved the 2025 Budget during its April 14, 2025, Regular Council Meeting. This budget serves as the financial framework that helps to guide the town's operations and strategic priorities.

Aligned with the Town’s vision of fostering a thriving and diverse community, the interim budget outlines a balanced approach to managing operating costs and addressing infrastructure needs. Key figures include:

Operating Budget: Operating revenues are projected at $9.273,831, balanced against total expenses of $9,268,831. Key revenue sources include property taxes, user fees, franchise fees, and operating grants, while the primary expenses account for salaries, contracted services, materials and supplies, utilities, and reserve contributions.

Capital Budget: The total capital expenditures are budgeted at $3,727,705. Of this, approximately 62.98% will be funded through grants, 35.28% from reserves, and the remainder through other sources, including minimal tax funding of $5,000.

“Budgeting responsibly means making tough decisions, and this year’s increase reflects the real costs of maintaining the high level of service our community expects and deserves,” said Mayor Brad Schlossberger. “We remain committed to ensuring Claresholm stays a welcoming, forward-looking place to live, work, and raise a family, and this budget is a step toward that continued vision.”

Budget Highlights:

Infrastructure Investments: $2.36 million allocated to critical water and sewer projects, including the replacement and upsizing of water mains and key sewer line upgrades to mitigate risks and support growth.

Recreation and Community Enhancements: $497,705 for accessibility improvements at the Community Centre, $175,000 to replace the Centennial Park playground equipment (pending grant approval) and $100,000 in upgrades at Moffat Park.

Reserve Contributions: A new $50,000 transfer to the recreation capital reserve ensures future sustainability of community facilities.

Revenue strategies, including modest increases in utility rates, franchise fees, and other user-based charges, help offset rising costs while preserving essential services.

This budget balances the needs of residents and businesses with the economic pressures faced by the Town, working towards ensuring the long-term fiscal health and service sustainability.

To view more details regarding the 2025 Budget, please visit the Town’s website at Town of Claresholm Budget or contact the Town Office at 403-625-3381.

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