2019-22 Draft Budget

The draft operating and capital budgets for 2019-2022 have been released and are on Council agenda 2/25.  Ultimately Council will be approving only the budgets for 2019.   The capital for the recommended projects over the 4 years is $125.7 million.  Our draft operating budget is about $31 million for 2019 with a proposed net tax levy increase of 2.8% over 2018. As was the case for 2018, if the assessed value of your property increases more than 6.56 % you will see the local municipal portion of your tax bill to increase more than 2.8%.  If it increased less than 6.56% it will increase less and may decrease. I think it is very progressive that we are looking at 4 years as it will enable better planning of resources, both financial and people.

There will be formal presentation to Council on Monday 2.25; this is the 1st agenda items so if you want to hear the presentation  be there at 6.  A few individuals did attend the consultations on 2/20 and 2/21.  I benefited from hearing some of the questions asked by the residents. Glad they came; just with there had been more people.

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