2008  Budget  Discussions  Jan 9 08
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2008 Budget Discussions Jan 9 08

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Township of Langley 2008 Budget presentation

Township of Langley 2008 Budget presentation

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2008 Budget Discussions Jan 9 08 Presentation Transcript

  • 1. Financial Plan Discussions Township of Langley January 9, 2008
  • 2. Overview
    • Budget Discussion Objective
    • Household Impact of Tax/Levy Increases
    • Tax Increases other Municipalities
    • General & Utility Budget Summary
      • Revised handouts provided
    • Recommendations
    • Next Steps
  • 3. Budget Discussion Objective
    • Opportunity for Council to discuss the 2008 Budget leading to a Council Priorities Committee recommendation on the General Property Tax rate increase and Utility Rate increase for 2008 and indication on the rate
    • Consideration of the 2008 Operating and Capital Budgets for the General and Utility Funds
  • 4. 2008 General Taxes Impact on Township Property Assessed at $473,000 in 2008
  • 5. 2008 General Taxes Increase Allocation Township Property Assessed at $473,000 in 2008
  • 6. General Property Tax Increases Comparison to Other Municipalities
  • 7. 2008 Utility Rates Impact on Township Household Receiving all Utility Services
  • 8. Other Items
    • Other Items to be included in the Budget
      • Aldergrove Pool project initiation
      • Homeless Shelter project
      • Sewer capital project from Provincial Grant
  • 9. Recommendations
    • That Council Priorities Committee consider the preparation of the Township’s Five Year Financial Plan based on the following:
      • 2008 General Property Tax Increase of 5.95%
      • 2008 Utility Rate Increase of 5.95%
      • 2009 to 2012 General Property Tax Increase and Utility Rate Increase of 5.95%
    • That Council Priorities Committee endorse the establishment of a Transportation Utility for the Township
  • 10. Next Steps
    • Council Priorities minutes considered by Council on January 14, 2008
    • Council pre-approves time-sensitive budget items January 14, 2008
    • Public consultation on January 21, 2008
      • Budget Information and response forms outside Council Chambers
      • Staff available to answer questions from 1:00 pm to 7:00 pm
  • 11. Next Steps
    • Council approves 2008 Budget and Five Year Financial Plan after considering public input on February 4, 2008
    • Council gives first three readings to the 2008-2012 Five Year Financial Plan Bylaw in February 2008
    • Council adopts the 2008–2012 Five Year Financial Plan in March 2008