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| Council listens to the presentation of the preliminary 2015 operating budget presented at the Dec. 15, 2014 council meeting. Times-Herald photo by Lisa Goudy |
Residents can likely expect to see a sizeable tax increase this year.
In the operating and capital budget reports from Matt Noble, city manager, and Brian Acker, director of financial services, presented to council at Monday’s meeting – the last council meeting of the year – it recommended an increase in taxation revenue of 3.62 per cent to make up for the $825,693-shortfall in the 2015 operating budget. This would mean residents would pay an additional $41 in property tax for 2015.
“(It) represents a budget which maintains the same programs and services as 2014 and also provides funding for several initiatives that are aligned with the city’s overall goals and needs,” said Acker.
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