Revelstoke council adopted it's new financial plan

Revelstoke sets budget, taxes, utility rates for 2015

Revelstoke council approves 2015 budget, tax rates and utility rates.

The City of Revelstoke adopted its five year financial plan and tax bylaw for 2015 on Thursday.

Council approved the bylaws just ahead of the May 15 deadline after the budget process was delayed by the combination of the election, illness and vacations.

The financial plan calls for $21,789,258 in operating expenses and $4,151,247 in capital spending in 2015.

Taxes will go up by two per cent for residences and industry, and 0.5 per cent for businesses. The hikes mark an overall increase for the entire class of properties; individual property taxes will depend on changes in assessment.

The municipal mill rate for residences is set at $4.376 per $1,000 of assessment value.

For businesses, the municipal mill rate is $16.5663 per $1,000 of assessed value.

The budget forecasts tax revenue of $8,918,922 in 2015.

The city also amended its fees and charges bylaw. The water rate is now $385 per year, while the sewer rate is $245 per year, with an additional $1.50 per foot frontage charge.

The garbage rate has been increased by $2 to $110 per year.

The budget was passed after the city received its audited financial statements for 2014 at Tuesday’s council meeting. According to the audit by BDO, the city spent less than budgeted in all departments except for economic development, which went up due to an increase in grants received from other levels of government. Long-term debt decreased by almost $1 million, to just over $17 million.

Linda Nixon, the only returning councillor, was quick to pounce on the positive results.

“I’m proud of the team of council and staff that decreased the debt, decreased operating costs, increased assets, increases reserves,” she said.

 

 

 

Just Posted

New conservation officer in Revelstoke – for now

Zeb Martin has primarliy been hired for monitoring caribou closures

Revelstoke Rod and Gun club supports fishing proposal with conditions

The proposal considers reopening Revelstoke Reach of the Columbia Reach to angling

Jocelyn’s Jottings: A postive take on resolutions

In the last column I wrote I looked back on 2018. This… Continue reading

Growls and Hugs for Jan. 16

Someone or something got your hackles up? Or maybe someone made you… Continue reading

Glimpses of Revelstoke’s past for Jan. 16

125 Years Ago: Kootenay Star, Jan. 13, 1894 Three feet of snow… Continue reading

B.C. opioid crisis to get same world-renowned treatment approach as HIV/AIDS

A program that focuses on treatment as prevention will roll out Jan. 17

B.C. pair accused of ‘honour-killing’ in India to be extradited within days

Malkit Kaur Sidhu and Surjit Singh Badesha are accused of conspiracy to commit murder

Netflix rejects request to remove Lac-Megantic images from ‘Bird Box’

At least two shows on Netflix’s Canadian platform briefly use actual footage of the 2013 tragedy

FOCUS: Canada’s revamped impaired driving law brews ‘potential for injustice’

There must be ‘trigger’ for cops to come knocking, Surrey MP says

Barack Obama to speak at Vancouver event

Former U.S. president will speak with board of trade in March

First recreational cannabis store in Okanagan has quiet opening near Lake Country

Indigenous Bloom has opened on Okanagan Indian Band land

Former welfare clients still owed money, B.C. Ombudsperson says

Investigation found 2,600 people docked illegally for earning income

Prince George could get province’s second BC Cannabis Store

The first brick-and-mortar government retail location opened in Kamloops on Oct. 17

B.C. chowdery caught up in ‘rat-in-soup’ scandal to close

Crab Park Chowdery will be shutting down Jan. 20

Most Read