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Infrastructure needs could cost Lake Country taxpayers
Lake Country officials are trying to balance community needs and residents’ ability to pay.
Council held a special meeting Tuesday to begin work on the 2013 budget.
“We are at a very preliminary point in the process but we recognize our infrastructure is in poor shape, and we are taking steps to try and direct funds towards infrastructure,” said Coun. Owen Dickie.
The initial forecast is a tax increase of 2.5 to 2.9 per cent.
“Council would like to maintain a tax increase within the cost of living but whether we can remains to be seen,” said Dickie.
Mayor James Baker says council is aware of financial pressures facing residents but there is also a need to maintain public assets like sewer and water.
“Looking at our infrastructure deficit, we need $2 million extra a year to put into roads and sewers,” he said.
“But we can’t lift our tax rate that much to get to that point.”
Council will also be reviewing the budget from the Regional District of Central Okanagan and other agencies to determine the impact on residents.