Wednesday, July 30th15.7°C
22568
22703

$93M added to city budget

Approximately $93 million in operating and capital carryover expenditures will be added to the City of Kelowna’s 2014 budget. Carryovers do not add to the taxation demand for 2014.

Carryover requests approved by City Council on Monday are for multi-year projects set for completion in 2014.

Some of those include Stuart Park Phase 2, Rails with Trails, transit improvements, the Bernard Avenue Revitalization, purchase of a new ladder truck for the Fire Department and Kelowna International Airport’s Drive to 1.6 Million Passengers.

“The carryover of 2013 projects is the second step in a three stage budget process that can be quite complicated considering the size and diversity of city operations,” says Financial Planning Manager Genelle Davidson.

“That’s why we keep working to make information about the city budget as clear as possible and easy to access."

In 2013, the Government Finance Officers Association presented the City of Kelowna with a Distinguished Budget Presentation Award for the city’s 2013-2017 Financial Plan.

This is the 12th consecutive year that Kelowna has earned the award.

Review and adoption of the final budget is set for May 5, when the final tax rate will be set.

Council approved a provisional tax increase at 2.49 per cent during budget deliberations last December.

The increase translates into an additional annual cost of approximately $42 for the owner of an average $451,440 single-family Kelowna home.

COMMENTS WELCOME

Comments on this story are pre-moderated. Before they appear, comments are reviewed by moderators to ensure they meet our submission guidelines. Keep it clean, keep it civil, keep it truthful, stay on topic and be responsible. Comments are open and welcome for three days after the story is published. We reserve the right to close comments before then. Comments that appear on the site are not the opinion of Castanet, but only of the comment writer.



Read more Kelowna News

22509


Recent Trending





20005




FEATURED Property
1832083Lot B Koby Court
10074635 bedrooms
$239,000
more details
image2image2image2
Click here to feature your property
Please wait... loading



21138




21918

Kelowna SPCA Featured Pet

Licorice
Licorice Kelowna SPCA >




20327



22479



Okanagan Quick Links City of Kelowna
Airport Arrivals
Airport Departures
Kelowna Discussion Forum
Kelowna's Cultural District
Kelowna Transit
Kelowna Road Closures
William R. Bennett Bridge
Tourism Kelowna
Central Okanagan
Regional District

District of Peachland
District of Lake Country
Interior Health
UBC Okanagan
Okanagan College
School District 23
Okanagan Regional Library


Kelowna City Council Audio
Audio
July 14, 2014 @ 1:30 pm
Live broadcasts, archives, schedule >


Member of BC Press Council
22700