The Regional Municipality of Wood Buffalo’s city council unanimously approved a $1-billion budget — the largest in the municipality’s history — Tuesday evening.
The 2013 budget breaks down into $629 million (58%) for capital spending, and $456 million for an operating budget.
“We’re still in, very much, a growth mode,” said the municipality’s chief financial officer Elsie Hutton. “We’ve been close to having a billion-dollar budget in the past, we’re at well over 900 million, so this is not typically new to us, it just means we proactively manage.”
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