Prince Rupert’s proposed five-year financial plan from 2018-2022 is now available to the public to peruse online.
In the document, the city lists some of its challenges for 2018, including the ongoing attempts at renegotiating the 17 per cent Ridley Island Tax Sharing Agreement with Port Edward. The city and the district had promised to meet at the end of 2017 to renegotiate, but that never happened, states the city document.
READ MORE: Mill rate could stay the same for Prince Rupert
Other challenges the city lists are to complete the water supply project, build a new RCMP detachment, prepare a new landfill cell and repave city roads.
The report projects a balanced budget for 2018 with both revenues and expenditures increasing by exactly 4.5 per cent, or $1.65 million. City staff have proposed not to increase the adjusted residential mill rate, or tax rate, from the previous year.
READ MORE: BC Budget’s Top 10 promises the North Coast will care about
newsroom@thenorthernview.com
Like us on Facebook and follow us on Twitter
