City’s financial plan moves closer to adoption

Cranbrook’s five-year financial plan moved closer to adoption following three readings by council on Monday night at city hall.

The five-year plan, which includes this year’s budget, was developed during discussions with senior staff over the last few months.

For property owners, the 2020 budget comes with a 2.88 per cent municipal property tax levy increase, which breaks down to a 1.88 per cent increase, along with the 1.0 per cent dedicated road tax.

“I commend the staff for the job they did on the budget because it was a lot of work on maintaining a hold on the costs, so I think it was a great process and a job well done,” sad Mayor Lee Pratt, noting that factors such as higher fuel costs and the new provincial employer health tax, among others, drove cost increases.

The city is budgeting $90 million in revenue, with sources that include $28.6 million from property taxes and $20 million in transfers from reserves and surpluses.

Operating expenses are expected to tally $68.7 million, while capital expenses are budgeted at $22 million.

During budget discussions, the plan for the industrial lands formerly owned by Tembec took priority, as staff and council debated development options for the property. Discussions eventually settled on budgeting $2.5 million for the installation of deep services and up to $2.75 million for installing shallow services.

The city also wrestled with the budgetary fallout from roof repairs and replacement at Western Financial Place. The aquatic centre portion is already complete, while work on the arena barrel roof is expected to get underway this year.

The entirety of the Western Financial Place project is estimated at $5.3 million.

According to a staff report, two information packages on the five-year plan were picked up at city hall, 17 copies were downloaded from the city website, while also viewed 240 times online.

One handwritten submission outlining concerns over skunk overpopulation and the deer cull was received by city staff.

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Council mulls drive-in events following new provincial restrictions

A new order from the province’s top doctor banning gatherings of 50… Continue reading

Farm life: lessons learned while working from home

It’s important to slow down, be kind to one another, and enjoy the little moments in life

Cranbrook 2020 property tax notices in the mail

Taxes are due on Thursday, July 2, 2020

Angel Flight takes to the skies once more

Angel Flight East Kootenay is once again offering free flights to Kelowna for medical appointments

Hometown heroes: Ktunaxa Nurse Manager Heather Fenner

With various sectors of the economy continuing to open their doors to… Continue reading

B.C. records no new COVID-19 deaths for the first time in weeks

Good news comes despite 11 new test-positive cases in B.C. in the past 24 hours

BC Corrections to expand list of eligible offenders for early release during pandemic

Non-violent offenders are being considered for early release through risk assessment process

Fraser Valley driver featured on ‘Highway Thru Hell’ TV show dies

Monkhouse died Sunday night of a heartattack, Jamie Davis towing confirmed

B.C. visitor centres get help with COVID-19 prevention measures

Destination B.C. gearing up for local, in-province tourism

Introducing the West Coast Traveller: A voyage of the mind

Top armchair travel content for Alaska, Yukon, BC, Alberta, Washington, Oregon and California!

36 soldiers test positive for COVID-19 after working in Ontario, Quebec care homes

Nearly 1,700 military members are working in long-term care homes overwhelmed by COVID-19

B.C. poison control sees spike in adults, children accidentally ingesting hand sanitizer

Hand sanitizer sales and usage have gone up sharply amid COVID-19 pandemic

Most Read