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Friday, January 8, 2010

City Budget

The city's tax rate is looking like it's going to remain stable in the 2010 operating budget. There is no increase, or decrease in the preliminary draft of the budget with the rate staying at  almost $1.79.
Acting City Manager Pat Woods says keeping the rate stable was the number one priority when drafting the budget. $756 thousand dollars is being pegged for the Municipal Plan and there is $580 thousand set aside for road maintenance. Woods says when putting together the proposed budget, city staff used Common Council's priority list as a guide.
The Mayor and Councillors will review the proposed budget over the weekend and another meeting is scheduled for Monday at 5:30 for further discussions.