Williams Lake city council will consider giving first three readings to the 2013 -2017 financial plan at its April 23 regular Council meeting.
At the April 17 budget meeting, council unanimously endorsed a proposed 1.97 per cent tax revenue increase, which is the lowest increase since 2005. There will also be no changes to water and sewer fees. They have remained the same since 2010.
The 2013 capital projects, totalling $4.9 million,include widening and repaving of South Lakeside Drive, Phase 5 of the River Valley Storm Sewer Upgrade, Public Wi-Fi at city hall and Cariboo Memorial Recreation Complex, City-wide parking lot improvements and Pedestrian Underpass/Bridge connecting Mackenzie Avenue and River Valley Trail.
At the budget meeting held April 17, council also proposed borrowing $215,00 from landfill reserves, at a five-year-term, to apply toward the South Lakeside Project.
Finance committee chair Coun. Geoff Bourdon reminded the public it has until Monday April 22 to comment on this year’s budget process.
More details on the 2013 budget and five-year financial plan will be communicated after the April 23rdCouncil meeting.
Correction: In the previous story on the tax rate increase, posted April 17 on our website and in the Weekender, it stated the money was being borrowed from reserves to balance the budget.That is not the case. The money is being borrowed to apply to the South Lakeside Project.