Report to Kelowna council details possible surcharge
A report to Kelowna city council today will detail that the city is facing an "infrastructure deficit".
Councillors will hear that a billion-dollars will be needed, in the next ten years, to maintain the city's roads, buildings and parks.
Just over half of that will come from current revenue sources - so, the report will look at ways to raise the rest - about $477 million.
Kelowna's Finance Manager Genelle Davidson says one idea is a surcharge.
"What we're proposing at this time is a $2.6-million dollar levy which would result in approximately $40.00 (more a year) per household," she says.
Davidson says another money-raising idea is to expand the number of charges paid by developers.
She says if left too long - repairs to infrastructure - become too costly.