Tonight's Final review will include one final report from the City's Chief Financial Officer Corinne Bomben who will outline some background towards the recent changes that brought the proposed rate down from 15 percent to 12.5%, as well as to summarize some of the feedback received by city staff related to the Budget process.
The Budget update also notes of some changes towards upcoming infrastructure work.
Of note from those items:
An increase in the cost for the Shawatlans Road water line, originally proposed at 10 million dollars now increased to 20 million dollars, still to be funded by provincial grant.
Work on the 1st Avenue East Water Main has been revised to 1.4 million down from the initial estimate of 2.1 million; that shift comes with funding for a new project of a sewer main relocation which will cost 700 thousand dollars.
The City has also added to the Wastewater Capital planning adding in -tandem Sewer pipe replacement at a cost of 20 Million funded through borrowing.
click to enlarge |
As for the report on the participation level when it comes to the simulation program; the document notes of a decline in participation with 21 residents sharing their financial budget making skills, down from 28 one year ago.
Two thirds of those who participated in the program indicated that they were fine with the leaving the tax rate request as it is, with one-third preferring to see a decrease to the tax call.
How they would allocate the funding is available for review below:
click to enlarge |
click to enlarge |
No comments:
Post a Comment