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$43.3 Million Budget

Friday, 7 February 2014 05:00

As it stands now, it will cost the City of Woodstock $1.5 million more to provide the same level of service as 2013

It's going to cost the City $1.5 million more to provide the same level of service in 2014.

That's the initial figure presented to council during the Revenue Budget overview last night with a budget starting at $43.3 million. 

Director of Administrative Services Patrice Hilderley says the County and Education Rates have been received and have actually decreased from 2013. 

"Because the City of Woodstock is just one piece of the puzzle and when we add all of those rates together, based on what we presented to council tonight, the average home would see a decrease of about .23% or $7.69."

"How we arrive at the average house is we take the category of single family dwellings, we total the assessment of that and divide it by the number of homes in that category so it's a strictly mathematical average."

Some of the items leading to the $1.5 million increase is an additional $125,000 for both winter control and Paratransit Contracted Services and an additional $400,000 in tax adjustments on the former Capital Theatre. 

The budget also includes $7.8 million for the Fire Service which is an increase of 1.9% year over year, despite a 3.8 % wage increase. The proposed Fire budget is just a $145,200 increase over 2013 and will put an end to the practice of providing a lump sum payment in lieu of 12 statutory holidays and the equivalent of 27 sick days per year for the day shift staff.

The first official budget deliberation meeting is scheduled for Tuesday starting at 5:30pm in council chambers. 

Chief Administrative Officer David Creery hopes to have the final budget approved by March 6. 

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