It's Budget Night in Prince Rupert, the annual delivery of the financial plan has been moved from its previous release period of the Spring, to its new time of the fall.
As part of that shift to a fall presentation, tonight is the night that Chief Financial Officer Corinne Bomben reveals what's ahead for 2024 and beyond.
The first indication that the period of time towards consideration of the budget was to change came in June, when Report to Council outlined the reasoning behind the shift to a Fall release of the Budget plans.
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The budget consultation period for the 2024 Budget was outlined in mid October, it makes for a quick timeline ahead from presentation to final decisions, which will see the process start with the Budget presented to Council (and streamed online) this evening at 7PM.
The next event is a Public Budget meeting on Thursday night at Coast Mountain College, that starts at 7 PM. The City has not indicated if that forum will be streamed live, or recorded for review for their YouTube channel for those who can't attend the session.
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| The Multi-Purpose Room at Coast Mountain College is the venue on Thursday night at 7 PM for a Public session on the 2024 Municipal budget |
One last public consultation will come on Tuesday, November 14th at the Regular Council Session, with the public comment period to commence prior to the session which will take place in Council Chambers.
Council members will then make their decisions towards the financial plan for 2024.
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| The Timeline for the Budget 2024 Process for Prince Rupert City Council |
Once released tonight, the documentation will be added to the City's Rupert Talks Engagement portal.
That online resource will also host the City's Budget Simulation tool, which will debut once the proposed budget is delivered to Council.
You can keep up with all of the notes to follow on the budget process from our archive page here.
The city dithered on the RCMP detachment. It should have borrowed via the MFA when money was cheap (Fall 2016 was 2.1% for 25 years). Now residents are servicing that $26 Million loan at 5%.
ReplyDeletehttps://mfa.bc.ca/long-term-lending-rates
If only the 2012 council had made any actual decision other than tabling, tabling, tabling a decision …. the whole thing would already be a distant memory
DeleteDon’t forget council voted for important work. Build a decrepit building into a bar with grant money. That money would of reduced the loan by 6 million
Delete….. you clearly don’t know how grants work. Good luck trying to convince the Province to reallocate $6 mil in funds earmarked for waterfront revitalization into a police station.
DeleteDoes anyone else notice there’s always one guy in here with a huge beer against the CN station? It’s one of the best projects to happen to PR in years without costing tayxparrs a dime
You spin it however you want. It was the city’s choice.
Delete“Local governments may use the grant to meet an immediate infrastructure need for their community, save it for a future opportunity, or leverage it to secure other sources of funding, including borrowing, reserves and other grant programs, to cover major infrastructure and long-term planning initiatives.”
Bylaw number 3440. 2019