Council Approves Reduced Final 2022 Operating budget

As reported previously, Councillor Emily Chorley and Deputy Mayor Séguin voted against the “approved” budget increase of 6.3% over the 2021 Operating Budget since this would have meant a 4.1% net tax increase (after allowing for New Assessment Growth of 2.2%).  Not giving up, Councillor Chorley asked Treasurer Ian Davey if any savings could be found. Ian reported that about $300K in the 2021 budget had not been spent because various people were not hired as originally planned (see list in links below).  He proposed that this be put into a “Tax Rate Stabilization Reserve” which would be used to smooth out volatility in tax rates. But why not this budget? So Suzanne Séguin moved and Emily Chorley seconded an… Read complete articleCouncil Approves Reduced Final 2022 Operating budget