Final budget recommendations
On Tuesday February 9th, City Council met as the Committee of the Whole (COTW) and reviewed all the supplemental budget items along with the Let's Talk forum comments and poll results. Council approved 13 of the 15 business cases for inclusion in the 2021 Budget and plan. COTW did not approve development of a new Protective Services training facility but encouraged staff to continue pursuing an improved development plan for future years. They also held off on changes to the 911 levy for landlines, pending further information. While they did approve the full pedestrian crossing project, they made some changes to the funding model to draw less funding from taxation. With the approved supplemental business cases, the increased property tax requirement in 2021 will be 0.93% which equals approximately $20.72 in additional charges for the average household. This tax increase is the lowest that residents of Kamloops have seen in more than a decade.
The recommendations from the COTW meeting will receive final Council approval in March and the final tax rate for the City will be determined in April once the final property assessment information is received from the BC Assessment Authority.