First phase of police

A TAX increase is not usually
‘ause for celebration, but the
1995 tax increase to North
Vancouver District taxpayers is
so small that council congratu-
fated themselves and
Monday on a job well done.

NORTH VANCOUVER
DISTRICT COUNCIL

By Martin Milercnip

“Its it significant change in direc:
tion.

“We worked very hard to avhieve
the reductions that we did. We cut
outa lot of things we wanted to do
and we've come bp with what | thik
is a very responsible budget” said
Coun, Don Bell.

While the 1995 annual budget das
increased $3 million to $60,757,250
(or 5.2%), the detual tix levy
increase passed on to taxpayers will
only be arise of O94.

Operating cost reductions cou.
pled with increases in non-tax rev-
enues itd new construction tay reve
enues largely offset the expenditure
increase.

According to director of financial
services Michael Hoskin even. the
smal] tax increase will not be fully
felt.

“Overall we estimate that the total
taxable increise or an average prop-
erty will be in the order of $4, which
is 10.19% increase.

“The small iicrease by the
municipality has been slightly offset
by the reduction in) school taxes
levied by the province.” Hoskin told
council Monday.

Akthough residents may not feel
the pain this year they will be paving
a 2% tax Jevy ($800,000) for the next
seven years as council embarks on a
Strategy of raising operating funds
and reducing reliance on land sales to

COUN. DON Bell... new budget
a “significant change in direc-
tion.”

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stalf

pay for certain types of capital
expenditures.

Coun, Ernie Crist) has cam-
piigned for years lo eliminate what
he bias labeled “road-patehing™ from
the capital buaget,

Capital projects approved for
1995 include:

Bi phase one of the new police build-

ing ($3.6 millions,

@ completion of the new district

works vird ($3.6 million):
McCartney Creek treldhousy

($334,000) and

Fae

oe

build

ct tax

1%

ng approved

B@ osporty Meld upyriding for
Cleveland and Inter-River parks
1$225,000),

A joint tederal/provineial intra-
structure progrant will provide
approximately SOG) of the 85.5 mnd-
fion earmarked for Low Level Road
constriction,

Missing fram dais sedis capital
budget is the $8.10 million needed
for the Parkgate conmmunity and diay-
care facility,

That funding is now a 1996 priar-
ity and together with the 87,1 million
required for the ROMP building will
double nest year’s buildings budget.

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