19 Jun 2023 Council meeting Economy

20 Year Investment Plan and Asset Management Plan Update

Motion
That Council support the recommendations included in the 20 Year Investment Plan and Asset Management Plan Update and direct Staff to include in the 2024-2028 Financial Plan: 1. An annual one per cent increase to property taxes for contribution to the General Asset Management Reserve Fund for the next five years (2024-2028) or until the next update and recommendations have been presented to Council; and, 2. Maintaining the annual two per cent increase to water user fees for contribution to the Water Asset Managment Reserve Fund until the next update and recommendations have been presented to Council.
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