The 2017 Budget has been approved by the Town of Okotoks.

During Monday's meeting a taxation rate increase was approved to less than 2% coming in at 1.7% which is approximately $38 a year.

Residents will also see an increase in water and sewer rates at 4% or $40 more a year.

The Town's capital budget includes traffic signals at Cimarron Boulevard and Cimarron Drive along with water and phase two construction of Veterans Way.

You can find the budget highlights here.