The City and Utilities Kingston budgets presented to council this week
Starting January 20, 2015, City departments, Utilities Kingston and City-funded external agencies and boards will make their 2015 budget presentations to the newly-elected council.
The 2015 recommended budgets represent the final stage in the City’s annual planning process where council priorities are translated into budget estimates. As part of the budget process, council will hear presentations over three nights:
• January 20, 6 p.m. – Budget overview, Utilities Kingston, City departments
• January 21, 6 p.m. – City departments (cont’d), external agencies, deliberations
• January 22, 6 p.m. – Second night of deliberations if required
All three meetings are open to the public and the City will be tweeting live from the budget meetings using #ygkbudget.
Council will be presented with a 2015 tax-supported operating budget of $337 million, which incorporates a 2.5 per cent tax rate increase, a capital budget of $170 million and utility-related operating and capital budgets of $95 million and $215 million respectively.
As part of the tax rate increase, the tax-supported operating budget will address inflationary pressures, respond to increasing service demands and allocate one per cent to support revitalizing, building and enhancing local infrastructure.
For more on the City’s budget and financials, visit: <http://www.CityofKingston.ca/