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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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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