|
Written by Citizen staff
|
|
Tuesday, 18 November 2008 |
Related Items
No related items found
The figure includes debt servicing costs -- for internal and external borrowing and leases -- of $15.4 million for 2009, up from $13.8 million for 2008. Roughly $5.6 million of that total is for the city's lease in, lease out agreement with Terasen Gas, which generates about $1.1 million a year in revenue for the city.
A more accurate total should be known by February when city council begins budget discussions and decides whether any additional services should be added.
Looking at the utilities, the cost of the city's sewer operations are expected to add up to $6 million -- $184,409 more than in 2008 and the water utility is projected to add up to $8 million -- $153,847 more than in 2008.
The plan includes a final audited figure for 2007 of $104.5 million in operating costs of which $11.4 million was for debt servicing. Revenue from property taxes in 2007 added up to $63.2 million, a jump of 7.2 per cent over 2006.
Sewer added up to $6.3 million and water $6.3 million in 2007.
 |
|
Last Updated ( Tuesday, 18 November 2008 )
|
Subscribe to this comment's feed
