by Richard Rolke - Vernon Morning Star posted Feb 21, 2014 at 1:00 AM
Lumby’s financial plan is moving ahead. Council has given second and third reading to the proposed 2014 budget, including a 3.98 per cent per cent tax increase or an extra $30 for the average home. “There’s been a lot of discussion back and forth,” said Coun. Lori Mindnich. “The big issue is putting money into reserves. If there is a government grant available and it needs matching funds, we need to have the money.” The 3.98 per cent tax increase translates into an additional $31,234 in revenue for the village. Like many communities, Lumby is facing an infrastructure deficit. “When we redo roads, we also want to do the water and sewer lines at the same time,” said Mindnich. Prior to bylaw readings, the public was asked to provide input on the financial plan. “No one showed up to talk about the budget,” said Mayor Kevin Acton. “That leaves us all guessing (about public support). It would be nice to have feedback from taxpayers.” Acton believes the village has been financially prudent. “We’re putting even more money into reserves,” he said. “Village staff has been incredible at tightening the belt.” The 2014 budget must still be adopted by council.
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