Small tax hike in district

Despite increased expenses, Coldstream is sticking to its goal of a slight tax increase.

Despite increased expenses, Coldstream is sticking to its goal of a slight tax increase.

The district is working to maintain a tax increase of 0.7 per cent for 2011.

“We recognize that in the budget council has quite publicly stated that it is striving for a 0.7 per cent increase,” said Michael Stamhuis, Coldstream’s chief administrative officer.

There was an option to increase the proposed tax to one per cent, but it was voted down by council.

Staff will work on the budget to absorb increased Consumer Price Index (CPI) costs for the past year, which came in at 2.4 per cent. The district had anticipated the increase to be 1.5 per cent.

The CPI is used for implementing annual adjustments for personnel related expenses, which include council remuneration, exempt staff remuneration and the fire department honorariums.

There were also two capital projects that were not completed in 2010 and need to be carried over to 2011 in the budget.

They are the jig boom ($10,000) and the snow plow ($7,000).

“It just means we’ll be tightening down on some budget items,” said Stamhuis.

The tax increase for a single family home in 2011 will work out to an additional $10 at 0.7 per cent.