4 — Wednesday, December 17, 1997 — North

te News

udget reviewed

Numbers show NVD
tax may rise 2.5%

Michael Becker

News Editor
michacl@nsnews.com

NORTH Vancouver District staff are
recommending a 2.5% tax increase
for 1998.

Council and staffare considering the provi-
sional budget for 1998-2000. A final budget is
expected to be adopted in May.

Said Municipal Manager Gord Howie in his
report to mayor and council, “Fhe 1998-2000
period promises to be a fiscally difticulr one, as
municipalit wrestle with
reduced provincial grants, high
tions and diminishing resoure

thanks to a reduction in surpluses available far
current operating costs, a reduction in railway
fax revenues and declining investment income
due to reduced interest rates.

Howie said: staff have reduced operating
costs in 1998 by approximately $1.25 million.

The recommended tax increase would
pan our to an extra S30 on an average home
assessed at $332,000.

The 2.5% hike would be bumped up to
3.2% if council were to give the nod to all
requests for additional fundin

Howie reported that forecasts tor 1999 and
2000 show tax increases of 7% and 4%, respec-
tively. The provisional capital budget for 1998
totals $26.4 million.

The recommended budget for tire and res-

srvices in) North Vancouver District for
1998 through 2000 is appre tely $1].2
million per vear, In 1997 the fire J zpartment
budget showed $10.3 million for salaries alone.

Did you know. in the last 10 years, B.C's Children’s Hospital
Telethon has raised more than $32 million to fund essential
equipment. research and special programs?

_Wedling) En ng gagement Rings : ;

oye

The 1998 provisional operating budget The district's library budget for 1997 was
totals $64.3 million. $3.3 million. The library em would work Sr m
Municipal revenue from sources other than) with about the same budget annually for 1998 Reece
taxes is expected to be reduced by SI million through 2000. whsmten Te dendes s Ru

on R
Ue d4) Wo 3rd’ Sty North, Vancouver |= “Aiisi Sri, S89

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