1.68 per cent tax increase proposed for Mission

2016 budget discussions also call for one per cent increase to water fees and four per cent for sewer.

A municipal tax hike of less than two per cent has been proposed for Mission in 2016.

Kerri Onken, deputy treasurer collector for the district, made the 2016 financial plan presentation to council during Monday night’s public meeting.

She revealed that council is considering a 1.68 per cent municipal tax increase, which equals $488,967 in new revenue, along with a one per cent increase in water user rates and four per cent increase in sewer user rates.

That equates to an approximate increase of about $50 a year for the average Mission homeowner – based on a home value of $390,000 –  although several outstanding factors could change that figure depending on new assessment values and other levies, including school board, library, Fraser Valley regional hospital and other yearly charges that have yet to be finalized.

Council will now seek public input on the proposed increases in hopes of approving the budget sometime in December.

The 2016 financial plan includes consolidated operating budgets totaling $65.2 million and capital budgets totaling $10.85 million.

The 1.68 per cent tax increase is proposed to:

Increase the transfer, by $290,000, to capital reserves, to help fund future projects;

Fund one new RCMP officer;

And to cover contractual increases:

“Building up the district reserves will provide flexibility and will allow the district to fund capital projects internally and avoid future external borrowing and related interest charges,” explained Onken.

The proposed 2016 budget allows for $11.74 million to be transfered to reserves. Onken said that will help the district continue its “pay as you go” philosophy when it comes to capital projects.

“Saving ahead for projects is preferable to debt financing.”

The district’s current long-term debt is $6.8 million, as of December 31, 2014.

An example of some of the capital projects listed in the 2016 budget include:

New artificial turf field – $2.9 million

Road paving – $2.8 million

Water main replacement – $1 million

Three dump trucks, one Zamboni – $924,395

Facility repairs – $576,614

New skateboard park – $440,000

As part of the proposed 2016 budget, a new  drainage utility fee has been given approval in principle.

“The district’s drainage program has significant challenges in terms of providing adequate funding for maintenance replacement and upgrading of critical drainage systems,” said Onken.

While details of the fee have yet to be finalized, the goal is to create a drainage capital reserve fund. A total of $98,785 will be transfered to the new drainage reserve in 2016 and an additional $100,000 will fund a drainage inspection program.

Different funding models are still being examined.

Mayor Randy Hawes said the fund is needed to prepare for future drainage repairs.

“If you don’t set aside money to do that, you can get hit with some very, very nasty surprises and no money to fix it.

“Council has looked at that and thought the smartest thing to do is begin planning for that day when we have big replacement issues.”

The public is invited to make their views known by filling out the budget questionnaire online at mission.ca/budget or call 604-820-3717.

Council will debate the budget on November 18 and discuss public input.

 

Just Posted

Rockslide closes Coquihalla northbound

Highway 5 is closed in both directions according to DriveBC

UPDATE: Wind warning has ended for Metro Vancouver

More than 34,000 BC Hydro customers in the dark on Sunday morning in the Lower Mainland and Sunshine Coast

Downtown Mission: Ready to revitalize

With the bidding process underway, construction could start by mid-March

Guilty plea issued in case where man, 86, was assaulted and robbed

Hughie Stump pleads guilty to break-and-enter in relation to Abbotsford incident

WIND WARNING: Metro Vancouver expecting 100 km/h gusts Saturday night

Environment Canada issues warns of possibly dangerous conditions

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Philadelphia Eagles headed to Super Bowl

After routing the Minnesota Vikings 38-7, they will face Tom Brady and the New England Patriots

Heavy snowfall closes Mount Washington on Vancouver Island

Road to ski resort deemed unsafe, vehicles buried under more than three feet of snow

VIDEO: Dramatic video shows return of rescued B.C. snowboarders

Two snowboarders were rescued near Rossland, B.C. on Sunday after being lost overnight.

Tom Brady leads Patriots back to Super Bowl, top Jaguars 24-20

New England to face winner of Sunday night’s game between Minnesota and Philadelphia on Feb. 4

Coquihalla drivers prepare for snow

Wintry conditions persist, with snow warnings for Coquihalla

Liberals quietly tap experts to write new paternity leave rules

Ideas include creating an entirely new leave benefit similar to one that exists in Quebec

Insurers say Canadian weather getting hotter, wetter and weirder

Average number of days with heavy rain or snow across Canada has been outside norm since spring 2013

Final phase of MDMA-assisted psychotherapy trials to kick off in B.C.

Doctors hope to get psychedelic-assisted psychotherapy legalized in Canada and the U.S. by 2021

Most Read