Wednesday, January 27, 2010

Coldstream Considers 5.6% Tax Hike

Coldstream's budget is in discussion again. Mayor Jim Garlick says there are a number of issues. He tells Kiss FM, "Everything from the BC Assessment changing the classification of the O-I glass plant in Lavington from heavy industry to light industry and the impact that had on Coldstream. That was another $100,000 in tax (revenue) decrease." Garlick says they're also looking at new requirements from the province on how they do the budget which adds costs. They've managed to whittle a 14 percent increase down to 5.6 percent while keeping the same level of service.There will be a public information session at the municipal hall from 6 to 9pm February 17.

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