2009 Budget 
On May 4 2009, City Council approved the 2009 Financial Plan which will see an average municipal tax increase of 3.5 per cent in 2009.
Initial projections in the provisional budget called for a 4.49 per cent tax increase but Council removed $1.1 million of taxation funding from the capital program and added $164,000 to the operating budget. See the council changes section for details.
The City's budget for 2009 is $441 million of which $90 million is met by property taxation. For the owner of a single family home assessed at $492,800 in 2009, municipal taxes will rise approximately $52 in 2009. To see a quick overview of your property tax dollars at work see the Budget at a glance
fact sheet.
Capital Projects
More than $219 million in capital projects will go forward in 2009. The City has partnered with federal and provincial governments to fund the majority of new capital projects. $20 million was allocated to capital projects from taxation including:
Transportation Projects:
$11 million towards the Glenmore Bypass
$15.6 million to widen Gordon Drive
$12.9 million for off-street pathways
$4.1 million to install a third west bound lane on Highway 97
$257,000 towards the operating costs of a transit expansion
Parks & Recreation Projects:
$5.6 million for the creation of Stuart Park
$243,000 towards a mountain bike skills park
$300,000 to install an accessible playground at Parkinson Recreation Centre
Approximately 1.8 per cent of the projected tax increase is earmarked for financing and operation of the $46 million H2O Adventure & Fitness Centre
. The facility is scheduled to open in the spring of 2009.
Final Budget - Volume 3
