2026-2028 Corporate Plan    

On Dec. 8, 2025, Town of Devon Council approved the 2026-2028 Corporate Plan which includes the Town’s 2026 Operational, Capital & Utilities Budgets.

Council started budget deliberations facing a potential 7 per cent tax increase, however after two days of thoughtful discussion with Administration, Council reduced this to 4.98 per cent broken down between a general tax increase (2.98%) to support maintaining service levels and managing increased operating costs and a dedicated asset lifecycle levy (2%) to provide a stable funding stream for repairing and replacing aging municipal infrastructure.

Residential Impact per $100,000 Assessed Value

In 2026, for every $100,000 in assessed property value, a residential property will pay about $733/year in municipal taxes, $289/year for the Provincial Education Requisition and $12/year for the Leduc Regional Housing Foundation Requisition.

In total, households can expect an increase of about $45/year per $100,000 of assessed value. This means a property assessed at $400,000 would see about a $180/year increase on their property taxes. Property assessments are based on the market value of a property as of July 1 of the previous year.

“We entered this budget facing real financial pressures and Council & Administration worked hard to deliver a responsible plan that supports our residents today and sets Devon up for success tomorrow,” said Mayor Craddock. “This Corporate Plan keeps our service levels strong, invests in aging infrastructure, and positions us to manage future challenges with confidence.”

Operating Budget Highlights

Revenue for the Town’s Operating Budget comes from many sources including user fees, franchise fees, property taxes and grant funding.

The Corporate Plan outlines several key themes including:

• Fiscal Stability – Continued progress towards healthier reserve balances, while planning for future growth and reinvestment in the community.
• Capital Investment Planning – Focusing on lifecycle planning and ensuring the reliability of Devon’s underground infrastructure.
• An organizational commitment to reflect on current fiscal realities and apply a cautious approach to new expenditures.

Factors that have had an impact on the 2026-2028 Corporate Plan include:

• Reduced revenue from fines due to the phase out of Automated Traffic Enforcement
• Continued investment in IT infrastructure and cybersecurity
• Increases at Devon Fire/Rescue to improve capacity and transition paid on call firefighters to casual employees of the Town
• Increased transfers to tax supported capital reserves
• Increased operating costs at the GFL Twin Arena & Devon Community Pool
• Continued rise in operating costs due to inflationary pressure