The city of Port Alberni has started the process of drafting a five-year financial plan for 2018-2022. There is a special budget meeting happening tonight (Monday, Jan. 15) at council chambers at 6 p.m.
CAO Tim Pley will present a review of the Draft 2018-2022 Five Year Financial Plan, which is now available to view online.
The budget draft features a list of potential supplementary projects, with more than one million dollars worth of projects. Council will be narrowing that list down over the coming weeks, as the city only has half the money needed available.
The city will be sticking to the same figures as the previous five-year plan, with proposed annual taxation increases of three percent for residential taxpayers.
In a change from previous budget plans, council will be focusing on the full five-year plan, instead of just one year.
There will be future public budget meetings set up as round table discussions. Dates have not yet been released.
Follow budget discussions at www.albernivalleynews.com.