2006 Budget Overview
By 250 News
Monday, February 06, 2006 09:00 PM
City Staff have presented an overview of the budget process and requests for 2006 and financial plan through to 2010.
City Manager George Paul says the budget is all about delivering services to the community and the plan is based on what the public wants rather than what the City feels the public would like.
Although the City is predicting a surplus of $1 million dollars Staff point out there will be some real financial challenges.
Here are some of the expected increased expenditures :
Labour/ benefits up $1.7 million
Consumer Price Index up
Increased costs for energy ( about $600 thousand more)
Increased costs to service debt
On the revenue side:
the taxes are expected to increase by 2.4% or $1.327 million
revenue from new construction $1.15 million
increasing user fees, (water rates and possibly solid waste handling fees)
using the 2005 surplus
and using $1.25 million from the $2.35 million in gaming revenue
The budget deliberations begin on the 8th at 4:30 at City Hall with Leisure Services. The process is open to the public.
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