Lloydminster, the Alberta-Saskatchewan border city and heavy oil capital, is chasing future growth with some significant investment planned for 2013.
The city is allocating almost $21 million toward the development of 167 residential and 24 commercial/industrial lots in its 2013 capital budget.
"The 2013 budget illustrates city council's commitment to fiscal responsibility and a substantial investment in projects that provide value and direct benefits to the community," said Lloydminster Mayor Jeff Mulligan.
The city's 2013 budget also includes a drop in the tax rate for non-residential assessment - something designed to help it attract more business growth.
The cut is a continuation of an initiative started in 2012 and reflects the city's status as one of Canada's perennially high-ranking entrepreneurial communities. Lloydminster is already free of sales taxes, on both sides of the border.u
– Compiled by Dave Husdal
from Western Investor February 2013
