Council to debate 3.59% tax increase

The city's proposed 2018 budget is ready for council's scrutiny.

The financial plan will be introduced on Monday, and debated at a special meeting all-day Thursday.

The plan features a 3.59% tax increase, which is still subject to council's approval.

Staff say that 2% of that increase is a result of past promises, which include operating costs of the new police building, bulking up the savings account for the Fire Department, and upgrades to the utility billing system.

The city is also looking to hire 12 new firefighters along with four RCMP officers.

This year's proposed operating budget is 134 million dollars, with 46.8 million in capital investment.

Taxation accounts for roughly 37% of the city's budget.

Budget facts

  • Proposed tax rate: 3.59 per cent (previous commitments account for 2 per cent)
  • Capital investment (general fund, not including Airport and Utilities): $46.8M ($12.2M funded from taxation)
    • 36 per cent renew
    • 36 per cent growth
    • 28 per cent new
  • Operating requests: $9.3M, $7M funded from taxation, of which:
    • 52 per cent maintain
    • 28 per cent growth
    • 20 per cent new
  • Net operating budget: $134M