The operating budget lays out how much tax revenue the city needs to cover costs, and how it is allocated. Once that’s determined, the city looks at the property assessments, and establishes its tax rates based on the ratios it chooses.
“The actual values have a total increase of just under 15 per cent,” Mike Roy, Director of Finance said. “This is what was reported in the press releases issued by B.C. Assessment, but of course, we need to use the assessment numbers for taxation purposes, and that’s our general tax values [to the province].”
The following are operating project – much of which are funded through municipal taxes – set forth to council and forecasted for only 2015:
- Downtown Action Plan – totalled at $115,000
- Tourism Kiosk – totalled at $15,000
- – Fire Underwriters Study – totalled at $16,000
- Fire Department Strategic Plan – totalled at $20,000
- Fire Dispatch Study – totalled at $25,000
- Transportation Master Plan – totalled at $70,000
- Boundary Expansion – totalled at $100,000
- Cemeteries Master Plan – totalled at $50,000
- Development Services Process Review – totalled at $50,000
- Development Cost Charge Review – totalled at $75,000
- Roll Carts for Curbside Recycling – totalled at $500,000
- Pilot for Downtown Enhanced Maintenance – totalled at $100,000
- Long Term Health Care Committee – Business Plan and Research – totalling $52,600
“These are the identified operating projects right now,” Mike Roy, Director of Finance said.
There are a few more projects as well that are forecasted for the next 2 – 4 years, which go to the following:
- Corporate Strategic Plan – $70,000 totalled for 2015 and $50,000 for 2016
- Charlie Lake Master Plan – $25,00 totalled for 2016
- Economic Development Strategy – $50,000 totalled for 2016
- Fair Share Renewal/Coalition – $650,000 totalled for 2015, $650,000 totalled for 2016, $650,000 totalled for 2017, $250,000 totalled for 2018, and $250,000 totalled 2019.
- Recreation Master plan $75,000 totalled for 2015 and $25,000 totalled for 2016
- Trail Master Plan – $50,000 totalled for 2016
- Social Policy Framework – $75,000 totalled for 2016 and $125,000 totalled for 2017
These operating projects were later approved during the regular council meeting on January 12, 2015.
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