MattersFinanceBylaw No. 1628; Bylaw No. 1629First seen Apr 18, 2016Last discussed May 2, 2016
2016–2020 financial plan and tax rates
The five-year plan sets the city’s operating and capital spending, with $48.5 million in capital spending planned for 2016. The proposed 2.9% tax increase would add about $32.24 to the bill for an average home; class tax multiples remain unchanged.
Where it stands: Three readings were recorded May 2, 2016; final adoption is not shown.
Governing bylawNo. 1628
Financial Plan for 2016-2020 BylawThe City’s financial plan sets projected revenues, spending, borrowing and reserve transfers for 2016–2020. It also states the City’s revenue and property-tax policies, including its approach to tax increases, fees, debt and tax exemptions.
Timeline
Every time this matter appeared in council records, newest first.
Staff presented the five-year budget and proposed tax rates
Council gave Bylaw No.1628 (2016-2020 Financial Plan) three readings, kept class multiples unchanged for 2016, and gave Bylaw No.1629 (Tax Rates) three readings.
Decision: Gave three readings to the financial plan and tax rates bylaws; kept class multiples unchanged.
Passed