Williams Lake city council is aiming for a zero per cent tax increase in its 2020 budget, citing increased as assessments as the reason the City will receive additional funds. (Monica Lamb-Yorski photo - Williams Lake Tribune)

Williams Lake city council planning for zero per cent tax increase in 2020

Staff will present 2020-24 financial bylaw for third reading at Tuesday March 10 regular meeting

Williams Lake city council is aiming for a zero per cent tax increase in 2020.

Finance committee chair Scott Nelson said an increase in assessments and new business taxes will generate about $415,000 in new money so a tax increase shouldn’t be necessary.

Nelson outlined a report prepared by the City’s chief financial officer Vitali Kozubenko regarding the 2020 budget and five-year-financial plan to the committee of the whole meeting Tuesday, March 3.

A proposed budget includes 69 capital projects, $14.3 million in capital projects, $24.9 in operations and grant applications in the amount of $6.2 million.

Read more: Council moves to develop more ‘realistic’ budgets

The City’s debt will be sitting at $8 million at the end of the year, down from $15.6 million five years ago, Nelson said.

Council was also asked to approve the use of prior-year surpluses and community forest dividend funds for the 2020 budget, however, no final decisions are made at committee of the whole meetings.

Kozubenko said he is concerned that the general fund is running out and encouraged council to start thinking about making the general fund sustainable by finding ways to increase revenue.

Responding Mayor Walt Cobb said if the City were to receive all the grants its applied for the City would need to look at other sources of revenue, either borrowing internally or externally, to complete the capital projects.

Staff will now prepare the 2020-24 financial plan bylaw for introduction and first three readings at the Tuesday, March 10 regular council meeting.


Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

B.C. firefighters only responding to most life-threatening calls during COVID-19 pandemic

The directive comes after province spoke with paramedics, fire services, according to top doctor

EDITORIAL: No time for April fools

As we adjust, cope, our community responds in different ways

2020 BC Cowboy Hall of Fame inductees: Bayliff family and Chilancoh Ranch

Historic ranch honoured in Ranching Pioneer and Century Ranch categories

Visitor to Kamloops army club tests positive for COVID-19: Interior Health

The individual visited Anavets 290 Army and Navy Club between March 13 and March 17

Lives impacted, lessons learned during COVID-19

Visiting his dying father revealed difficult conditions for frontline workers, Ingemar Kallman said

Education, not enforcement: B.C. bylaw officers keeping a watch on physical distancing

A kind word, it turns out, has usually been all people need to hear

Emergency aid portal opens Monday, cash could be in bank accounts by end of week: Trudeau

Emergency benefit will provide $2,000 a month for those who have lost their income due to COVID-19

QUIZ: How much do you know about hockey?

Take this test and find out how well you know Canada’s most popular winter sport

Researchers look at humidity as a weapon in the fight against airborne viruses

Regular hand washing, physical distancing and PPE for health care workers remains best line of defense

Two inmates found positive for COVID-19 at federal prison in B.C.; other tests pending

15 staff self-isolating waiting results, refusal to work notice sent, says correctional officer

Critic, workers’ group ‘disappointed’ Trudeau chose Amazon to distribute PPE

Amazon Canada said in an email to The Canadian Press that it is working with Canada Post, Purolator

How to cope with your mental health during a global pandemic

Becca Shears, clinical counsellor in Vanderhoof speaks about ways to deal with stress and anxiety during this time.

Full World COVID-19 update: National Guard collect ventilators in New York; Spain, Italy improve

Comprehensive coronavirus update with news from around the world.

Two people fined after B.C. police spot online ads re-selling 5,000 surgical, N95 masks

Police confiscated the masks, being sold at inflated prices, and now working with Fraser Health

Most Read