District of Coldstream financial plan open to public

Coldstream residents have a chance to weigh in on how their tax dollars are being spent

Coldstream residents have a chance to weigh in on how their tax dollars are being spent.

The district’s financial plan will be the focus of an open house on Tuesday, March 3 at the municipal office from 6 to 8 p.m.

The five-year-plan objectives include increasing the revenue received from user fees and charges and reducing the share of property tax paid by major industry.

“The district will seek to reduce the class four tax rate by 2.5 per cent per year,” reads the financial plan.

Next to residential, which makes up 90 per cent of property tax revenue, major industry is the second highest at four per cent.

Coldstream’s 2015 budget calls for a 1.25 per cent tax increase to address operational and infrastructure needs.

Parks plan opposed

One Coldstream politician says more play is needed with the parks plan numbers.

“Our budget is a bit high for this proposal,” said Coun. Richard Enns.

A request for proposals for the Parks Master Plan is going ahead for the plan, which includes a $60,000 budget, according to Enns.

“It would be appropriate to maybe be aiming at half that amount,” he said, as there are no dramatic changes.

Coldstream took over care and control of its local parks in 2014, therefore the plan was needed, but it could still come in under budget.

Meanwhile Enns also has concerns that long overdue work on the log house could be sidelined.

“The log house property really has not been used since we purchased it,” said Enns, who is concerned it will be another year before any work is done there.