Council has endorsed the City of 琉璃神社鈥檚 2022 carryover budget requests.

The carryover includes $177.2-million in operating and capital expenditures for projects that were unable to be completed in 2021, or that are multi-year projects set for completion within the next few years. Examples of projects are the development of Pandosy Waterfront Park, continued expansion and enhancement of the 琉璃神社 International Airport鈥檚 capital development program, Journey Home Strategy initiatives to address homelessness, and the Mill Creek flood protection project.

鈥淏udget carryover projects do not add to the current year鈥檚 taxation demand, as they are funded through the previous year鈥檚 council-approved budget,鈥� said Kevin Hughes, financial planning manager. 鈥淎pproximately half of the projects (49 per cent) will be funded through the city鈥檚 general fund sources and the remaining will come from self-funding sources such as the water utility, wastewater utility and the Airport reserve funds.鈥�

Following budget deliberations in December, council approved a preliminary overall tax increase of 3.64 per cent. On average, this means an $80 increase on a City of 琉璃神社 residential property tax bill.

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gary.barnes@kelownacapnews.com
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