Keeping taxes affordable is important to the well-being of our businesses and residents. Like any business or resident, the needs and wants within a municipality are often greater than what the municipality and community can afford at one time. Each year as part of the budget process, choices must be made.
The Community Charter requires that
2019 - 2023 Financial Plan
The Draft 2019-2023 Financial Plan was introduced to Council and the public at the Committee of the Whole meeting of January 21st and received initial consideration on February 4th. Budget deliberations were held at the Special Council Meeting on February 26th, and the Financial Plan was approved at that meeting.
The draft financial plan started out with a proposed general tax increase of 5.95%. This amount included several internal and external requests that had not yet been approved by Council and was simply a starting point for budget deliberations.
At the February 26th meeting, Council reduced the proposed tax increase to 3.93% by deferring a number of capital projects, identifying alternate (non-tax) funding for several others, and denying or reducing certain Supplemental requests.
Copies of the three staff presentations are linked below, along with the draft public budget document. Please note that the items should be considered together. Reading the document without also checking out the presentations will likely not provide enough information.
- 2019 - 2023 Draft Financial Plan (draft only - will be updated shortly)
- January 21, 2019 Presentation
- February 4, 2019 Presentation
- February 26, 2019 Presentation
The Committee meetings were also recorded, as are all Town Council and Committee of the Whole meetings. For those seeking the most complete introduction to the financial plan, the above presentation may be viewed together with the recording of that meeting. The presentation is about 65 minutes long and can be found here. The recording of the second meeting can be found here, and the final meeting here.
The following resources are available to provide more details on the draft financial plan. Please check this section as we move through the various budget meetings, as additional information may be posted.