Budget Falls Short
By 250 News
Thursday, February 19, 2009 04:07 AM
Prince George, B.C.- The real budget struggle revealed itself last night as Council was advised that even with a 3.4% tax increase, there would be a budget shortfall of $834 thousand.
Part of that could be covered by using internal debt interest ($500 thousand) leaving a shortfall of $352 thousand. Administration would then have to go back and find a further $352 thousand dollars in savings either by increasing revenues or making cuts.
Then, Administration will have to find another $834 thousand in savings for 2010.
Development Services has presented a road rehabilitation budget of $3.6 million. The levy for roads won't cover it "It's very simple" says Councilor Cameron Stolz "If you think our roads need repair then you will go for option B."
Council has deferred this issue to Monday the 23rd.
The Director of Corporate Services, Kathleen Soltis, presented a report on the proposed tax increase as compared to other communities.
Here are the planned tax increases in other communities:
Local Government
|
Proposed Tax Levy Increase in 2009
|
Township of Langley
|
0.00 *requested by Council to be achieved in part through withdrawals from reserves
|
Kamloops
|
2.00 * achieved through deferral of capital projects and reduced fuel costs
|
Quesnel
|
3.30
|
Kelowna
|
3.35
|
Prince George
|
3.40
|
Chilliwack
|
3.95
|
Maple Ridge
|
4.00
|
Nanaimo
|
4.10
|
District of NorthVancouver
|
4.25
|
Victoria
|
5.36
|
Saanich
|
7.00
|
Keep in mind, Prince George Council has not yet considered all of the requested enhancements, which, if approved would increase taxes in Prince George by 5.02%
Expect major increases on garbage pick up , sewer and water services, the initial report indicates the hikes should be 11% - 16%. Those hikes will be finalized later this year, before the utility bills are issued for midyear.
Previous Story - Next Story
Return to Home