A capital budget is a plan for acquiring, maintaining, and replacing a municipality’s physical assets. It’s part of the annual budget and based on revenue projections.
An operating budget outlines spending on day-to-day operations, including employee salaries, utilities, and facility maintenance.
Each year, Chestermere prepares an annual capital plan and a 5-year plan. The capital budget is funded by grants, surplus accounts, levies, and utility rates. The operating budget is funded by property taxes, grants, investment revenue, and service charges.
Capital Project Highlights
Key Investments for Growth & Progress
These initiatives are designed to enhance infrastructure, safety and community services in Chestermere. Here is a quick look at some of the featured items:
- Raised Crosswalks
- Construction of a Community Services Rental Space
- New Fire Station Land
- Paving of Sunset Beach Parking Lot
- Twinning of Chestermere Boulevard
- Road Access to High School Site
- Rainbow Road North
Are you curious about 2025 Capital Projects? Click here to review the 2025 Capital Budget Project Pamphlet.