District makes fiscal progress

Council adopts Five Year Financial Plan and 2011 Tax Rate Bylaws

  • May. 25, 2011 10:00 a.m.

 

The District of Sooke Council adopted its Five-Year Financial Plan (2011 – 2015) and its 2011 Tax Rates Bylaws on May 9, 2011.

The Financial Plan is founded upon council’s seven strategic goals:

1. Well Planned, Sustainable Community

• $7,500 funding for the development of an Agricultural Plan

• $20,000 funding for the development of a Downtown Parking Plan

• $75,000 funding for the development of a Solid Waste Management Plan

• A further $20,000 funding for the completion of the Zoning Bylaw review

• $5,000 funding for the development of a Affordable Housing strategy

2. Responsible Stewardship of the Environment

• $350,000 funding for the installation of a round-about on Sooke Road to reduce vehicle idling and green house gas emission

3. Proactive Improved Infrastructure

• $135,000 to resurface Maple Avenue to be performed in conjunction with Capital Regional District Water Department’s water main upgrade

• $50,000 for culvert replacement

• $22,700 for installation of new public garbage receptacles, street lighting and glass transit shelters

• $2,980,000 funding for the construction of an alternative connector road from Phillips Road to Charters Road

4. Diverse and Vibrant Local Economy

• $5,000 funding for the establishment of a community radio

• $10,000 funding for District of Sooke hosted conventions

• $35,000 funding for promoting and marketing the Sooke region in conjunction with Rogers’ Sportsnet

5. Sustainable Financial Management

•Establishment of the Capital Asset Replacement Reserve matches the district’s needs for investment in capital with available financial resources and to minimize borrowing.

The Financial Plan bylaw has a requirement to generate $6,124,644 in municipal property taxes to balance the general operating fund. It is estimated that the average residential property tax increase would be 2.99 per cent for municipal operations only.

The Tax Rate Bylaw proposes that the average residential property with an assessment of $371,649 will pay $2,304 (2010 – $2,249) in property taxes which equates to an annual increase of $35 (2010 – $46) related to the municipal portion of the taxes.

For more information, contact:

Sue-Lin Tarnowski, Director of Finance

District of Sooke

tel: (250) 642-1634

Just Posted

BC Ferries considers passenger only ferry between West Shore and Victoria

Royal Bay, Esquimalt and Ship Point considered as part of study into new route

Sentence handed down for sex assaults committed more than 30 years ago

Man in his 80s will serve a conditional sentence in the community

Simon Keith undergoes second heart transplant

Former pro athlete turned transplant advocate gets another chance

Proposed terms for forum exploring amalgamation between Victoria and Saanich under fire

Amalgamation Yes questions size of assembly, while Saanich stands accused of changing mandate

Tsawout councillor visits Saturna to meet logging protestors

Three Tsawout members engaged in direct action to stop logging, in defiance of leadership

VIDEO: RCMP ask kids to help name soon-to-be police dogs

13 German shepherd puppies will be born this year

New concussion guidelines launched for Canada’s Olympians, Paralympians

The guidelines will be in effect at this summer’s Pan American, Parapan American Games in Lima, Peru

Alphonso Davies doubtful for Canada game against French Guiana in Vancouver

Canada will be without injured captain Scott Arfield and veteran Will Johnson

Watchdog called after man who yelled racial slurs at B.C. vigil hurt during arrest

BC RCMP say man was ‘acting suspiciously’ at prayer vigil for victims of New Zealand mosque shootings

NDP’s Jagmeet Singh steps into the House of Commons, making history

Burnaby South MP becomes first visible minority to lead a federal party in the House of Commons

Reeling Port Alice about to lose its only bank

Scotiabank branch closure follows latest mill setback, bad for business and the elderly

Simard guilty in Vancouver Island double murder

Convicted of two counts of second-degree murder in 2016 killing of Courtenay couple

Crab poaching under cover of darkness earns 10-year commercial fishing ban, vessel seizure

A Cape Mudge resident involved in poaching dungeness crabs in Vancouver Harbour… Continue reading

Most Read