City Operating Expense 2014 Update

From 2003 to 2014, the population of Red Deer increased from 72,691 to about 98,585, an increase of 35.62%. During this same period, Alberta’s inflation rate increased 26.63%. Therefore, combined growth in Red Deer’s inflation and population for 2003 to 2014 was about 62%.

Compare this 62% increase with exponential increases in our City’s operational expenses (less depreciation) for 2003 to 2014, about $90 million in 2003 exploding to over $262 million in 2014, an increase of about 191%!

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