Saturday 15 March 2014

A Budget Update

The medical leave of the Town's Director of Finance and Business Planning has slowed down the budget process considerably. Public consultations will be in two parts and are tentative:

  • Public presentation at Caleb Village on April 8th; and
  • Webinar presentation with chat forum capability on April 10th.
In preparing the budget direction has been given to Administration to hold an increase to the rate of inflation. According to the transfer agreement with the province, which is based on revenue collected by the PST, the Town will be receiving approximately 5% less from the province.

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