What's New
Public Process for the Draft 2010-2014 Financial Plan
January 29, 2010 4:35 pm
Click here to download the 2010 Financial Plan
The City of New Westminster has completed its draft 2010 - 2014 Financial Plan. As part of the public consultation process, the City will be presenting the draft Financial Plan during the Regular Council Meeting in Council Chambers at City Hall on Monday, February 1st, 2010 at 7:00pm. The public is invited to attend the presentation, ask questions and provide comments regarding the draft Financial Plan during the open delegation session of the Council meeting.
A budget information package including the draft 2010 - 2014 Financial Plan, a staff report and a comment sheet will be available on the City’s web-site and for pickup from the Finance and Information Technology Department at City Hall (511 Royal Ave.) on Friday, January 29th, 2010.
Residents may submit written comments regarding the draft Financial Plan to the Finance and Information Technology Department:
Attention: Director of Finance and Information Technology
Mail to: 511 Royal Ave., New Westminster, V3L 1H9
Mail to: 511 Royal Ave., New Westminster, V3L 1H9
Fax to: 604-521-3895
e-mail:
Deadline: February 12, 2010
The draft Financial Plan incorporates a proposed 3.98% property tax increase for 2010. This increase is required to fund a number of budget challenges in 2010, including collective agreement increases, operational and inflationary increases.
Utility operating budgets for 2010 include the Electrical, Water, Sewer and Solid Waste Utilities. Utility rate increases are 7.6% for Water, 3.8% for Sewer and 5.5% for Solid Waste to address the increases in the 2010 GVRD rates charged to the City. The Electrical Utility rates for 2010 will be set in March / April and will follow BC Hydro’s rate increases to the City.
The proposed General Fund capital budget for 2010 is $65 million and the capital budgets for the Utilities total $14 million.
