City Council, at their April 1, 2010
meeting, approved the 2010 operating budget which reflects
estimated revenues of $62,588,071.59, estimated expenditures of
$52,713,854.30, with a projected surplus of $9,874,217.29 BEFORE
capital expenditures. Major capital projects for 2010 will include a
new police station, construction of the skatepark and parking and
entrance improvements at Common Wealth Centre, construction of a new
entrance and a landfill transfer station, and a major addition at the
sewage treatment plant.
Total property assessment has decreased by
approximately 2% as a result of a drop in market values of certain
properties. Individual homes decreased in value by 5% to 15%,
while commercial/industrial improved properties showed an increase in
assessment value of 6% to 9%. Real assessment growth from
properties constructed in 2009 is estimated at 1.5%. The 2010
municipal mill rate has been set at 3.52 mills to generate an
additional $500,000 or 3.6% of additional revenue. This money will be
used to cover the cost of two additional RCMP positions, operation of
a second fire hall, increased operational cost of recreation
facilities, and to maintain and repair our roadways throughout the City.
Water and Sewer rates are not sufficient to
provide for annual depreciation costs and the replacement of aging
water and sewer lines. Council has approved a three year water and
sewer rate plan to address this situation. Also, the current rate
structure requires revision to encourage water conservation, and to
reward consumers who implement conservation measures.
The balance of tax impact on each property
will be the result of changes in the market value of property between
July 2008 and June 2011, which is reflected in the annual assessment value.
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2010
Operating Budget Summary (PDF)
- 2010
Operating Budget Detail
(3.5 MB - PDF)
-
2009 Operating
Budget Summary (pdf)
- 2009
Operating Budget Detail (pdf)
-
2008
Operating Budget (1.3
MB PDF)
- 2007
Operating Budget (2.7 MB PDF)
- 2006
Operating Budget (1.4MB PDF)
- 2005
Operating Budget (745K PDF)
- 2004
Operating Budget (1.4 MB PDF)
- 2003 Operating Budget (900K)
- 2002 Operating Budget (800K PDF)
- 2001 Operating Budget (450K PDF)
- 2000 Operating Budget (1.9MB PDF)
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