Councilor Urges City to Brace for Less Money Than Expected in 2010

2009-06-01

22:42:41

Councillor Gary Sullivan is asking the city to scale back its expectations for 2010 and prepare for possibly getting less money from provincial property taxes. Sullivan says uncertainty around changes to the way properties are assessed means revenue for the city will likely be capped at inflation--which is roughly 2 per cent.

Sullivan wants city administration, and all agencies boards and commissions to prepare their budget for the year based on a 2.5 per cent increase, rather than the 4.5 per cent previously stated in the 2009 operating budget. Council has tabled Sullivan's motion until a meeting with hired consultants on June 15th.

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