BUDGET PRESENTATION The municipality of Summerland held a presentation on the proposed municipal budget on Feb. 12. This year, residential property taxes are forecast to increase by four per cent. (John Arendt - Summerland Review)

Summerland property taxes forecast to rise

Proposed municipal budget calls for increase of four per cent

The municipality of Summerland’s proposed budget for 2020 calls for nearly $16.4 million for the general fund and $24.1 million for capital expenses in the coming year.

David Svetlichny, Summerland’s chief financial officer, presented the budget information at a community open house on Feb. 12.

Svetlichny said the $16.4 million general operating budget is $476,900 higher than the 2019 amount.

READ ALSO: Summerland’s proposed budget requires $16,382,355

READ ALSO: Summerland budget includes funding to enhance services

In order to balance the budget, a tax increase of four per cent has been proposed this year. The increase has received the support of Summerland council.

For a typical Summerland home with an assessed value of $597,435, the increase will mean an additional $77.74 in taxes.

The majority of the tax increase will go to contractual increases.

Svetlichny said costs of policing, insurance costs and landfill and garbage costs are all increasing this year.

In addition, increased costs of transit, changes to a telephone service shared with the school district, restructuring of staff positions and other changes will also affect the total budget.

Capital projects for 2020 include watermain replacement on Quinpool Road, reconstruction and drainage improvements at Doherty Avenue and Bathville Road, asphalt work on Victoria Road North from Turner Street to Jones Flat Road, road and watermain upgrades on a portion of Dale Meadows Road and on a portion of Giant’s Head Road, design work for the Isintok Dam outlet pipe replacement, trail repairs at Peach Orchard Beach and Rotary Beach, Eneas Creek restoration including reconstruction of the Centennial Trail and landfill second scale and entrance upgrades.

Council and municipal staff have been reviewing and considering budget and financial information since early November.

The next step in the process will be on Monday, Feb. 24, when the budget will come before council.

The 2020 tax rate bylaw will be adopted near the end of April.

To report a typo, email:
news@summerlandreview.com
.



news@summerlandreview.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Vernon pedestrian struck

Individual found on the ground on 43rd Street was responsive; seen getting to feet

North Okanagan company seeks help selecting charity

N0r-Val Rentals wants the community to nominate a recipient worthy of $3,000

UPDATE: One arrest in manhunt for ‘armed’ suspects near Enderby

Residents alarmed over increased police presence Tuesday morning

COVID-19: Vernon company creates reusable respirators

From athletes to those most at risk, VO2 Master’s adapts production to fill PPE need

Okanagan College grading system critical despite COVID-19 pandemic

On heels of petition penned by student, VP academic says grading system necessary for accurate assessments

Lifestyles Coffee in Lake Country creates funny video of couple stuck in quarantine

Lifestyles Coffee is located at 10058 BC-97 unit 4, Lake Country, B.C.

Shuswap residents, distiller respond to safety, sanitization needs at seniors care facilities

Sicamous’ After Dark Distillery shifts to making sanitizer to support community

VIDEO: Teachers at Kelowna middle school shoot video to show support for students

KLO teachers Kayla Rose and Tonia Macgregor were the minds behind the gesture

Easter bunny to send ambassador to Golden for weekend drive-by

The Easter bunny will be sending his emissary, Egglebert Bunny, to celebrate Easter with Golden

Logan Boulet Effect: Green Shirt Day calls on Canadians to become organ donors

While social distancing, the day also honours the 16 lives lost in the 2018 Humboldt Broncos Crash

COVID-19: Kelowna’s Grey Hearts Denim to manufacture protective masks

The Kelowna based clothing company has been in operation since mid-February

COMMENTARY: Knowing where COVID-19 cases are does not protect you

Dr. Bonnie Henry explains why B.C. withholds community names

Regional District of Okanagan Similkameen cuts two positions

Management roles cut as a result of ongoing COVID-19 pandemic

Most Read