2023 Budget: pressures and timeline

Jun 10, 2022 | Miscellaneous, The Issues | 0 comments

On Monday June 13 council agenda there is staff report providing insight into the budget pressures for the 2023 budget and the forecast for 2024-2026.  The report reviews the process for budget creation and eventual approval by Council. Very importantly it identifies the numerous budget pressures which will influence the budget process including inflation, dramatic increase in insurance rates, fuel prices.  In addition tax increase of 1.11% over the last five years in itself creates budget pressures for the future.  No decisions are being made with this report.  As always, you can make a deputation and/or email your comments to clerks@king.ca by noon June 13.

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