The 2018/19 Budget Process began on November 7, 2017 with a goal of approving a balanced budget on March 20, 2018 at the regularly scheduled Town Council meeting. We will keep this page updated with information and key decisions following Committee of the Whole and Town Council meetings from now until March 20, 2018.
Join us in person or on Facebook Live for our Committee of the Whole and Town Council meetings to learn more about the Town’s Operating and Capital Budgets. Click here for dates and times!
Use the menu below to navigate each meeting, view agenda packages, presentations and key changes.
January 16, 2018, Special Committee of the Whole
February 6, 2018, Committee of the Whole
March 6, 2018, Committee of the Whole
March 20, 2018, Town Council
The following information was presented for discussion (view the presentation here):
Inflation/Cost of Living Adjustment (COLA)/CPI
Provincial Financial Indicators (selected highlights).
Capital Budget Information
The draft Capital Investment Plan (CIP) and related Project Charters can be viewed in the November 7, 2017 Committee of the Whole agenda package.
The first draft of the CIP presented to Council included the following projects in Year 1 (2018/19):
Not included in the list above is general equipment/upgrades and engineering costs that are consistent year over year.
No formal motion is made at this stage. Staff is seeking consensus from members of Council on overall budget goals for the 2018/19 Operating and Capital Budgets (Town and Water Utility).
Council's direction to staff as they prepare the first draft of the Operating Budget is keep any tax increase within the Cost of Living (i.e. hold the tax rate).
Meeting Agends, Audio and Minutes can be found here.