Council Approves 2013 Operating And Capital Budgets - Council Approves 2013 Operating And Capital Budgets
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null Council Approves 2013 Operating And Capital Budgets
December 19, 2012
Last night, City Council approved the 2013 municipal operating budget in the amount of $309M, representing a tax rate increase of 2.5 per cent. City Council also approved a 2013 capital budget in the amount of $22M and municipal utility budgets totaling $99M for wastewater, water and gas operations.
"Throughout the year and during the City-Council budget process we've heard clearly from residents about the need for reasonable tax rates without compromising services and this year Council approved a 2.5 per cent tax rate," said Mayor Mark Gerretsen. "2.5 per cent is the lowest tax rate we've had since amalgamation and city staff and our external agencies worked hard to find cost savings to achieve responsible budgets for us to review. Given the fiscal restraints with the other levels of government and with this 2013 budget, we will continue to move forward on the priorities outlined in our Strategic Plan without compromising the city services we all depend on."
The budgets support the realization of the six priorities outlined in the City's 2011-2014 Strategic Plan www.cityofkingston.ca/strategicplan:
- Maintaining and enhancing infrastructure;
- Enabling economic development;
- Rejuvenating Brownfields;
- Facilitating affordable housing;
- Creating and protecting green spaces; and
- Developing proactive community plans.
A capital priority setting session with Council is planned for early 2013, after which an 18-month capital budget will be presented to Council for approval in June 2013, along with updated information on 10-year expenditure plans, capital works in progress and long term debt and capital reserve fund continuity models.
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Media contact information:
Cindie Ashton, Communications Officer 613-546-4291, extension 3116. Or call the City of Kingston's media hotline at 613-546-4291, ext 2300.