Council budget proceeds

Spallumcheen council gave unanimous approval Monday to the first three readings of its five-year financial plan

Spallumcheen council vowed to keep taxes in line.

Council gave unanimous approval Monday to the first three readings of its five-year financial plan bylaw which will see a total tax collection increase of less than $40,000 from last year.

“It will mean about a $53 increase on the average residential single-family home in the township,” said Brian Freeman-Marsh, chief financial officer.

The total increase for municipal, general, policing and additional farm levies equates to .83 per cent though the levy for residential is a bit more because of a saving in the Class 9 farm rate.

Those residents who pay taxes on Class 9 properties will see a decrease.

“If they paid $1,000 last year, they’ll pay about $750 this year,” said Freeman-Marsh.

The financial plan in 2015 calls for revenues of $8.5 million, more than half of which will come from municipal property taxes.

Capital expenditures for 2015 will be nearly $2.6 million, spent on roads and streets, along with $528,000 – the township’s portion – toward the Armstrong Spallumcheen fire hall expansion.

Nearly $4.4 million will be spent on other municipal purposes, which includes policing costs.

Council is expected to adopt the financial plan at its next regular meeting May 4.

 

Vernon Morning Star

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