PROPOSED BUDGET The municipality of Summerland’s proposed budget for $2020 is for $16,382,355 to cover the various costs of services provided by the municipality. (John Arendt/Summerland Review)

Summerland’s proposed budget requires $16,382,355

2020 budget is nearly half a million higher than the 2019 municipal budget of $15,905,410

Summerland’s proposed budget for 2020 calls for $16,382,355 to provide municipal services, pay debt charges and bolster municipal reserves.

The budget is nearly half a million higher than the 2019 municipal budget of $15,905,410.

The 2020 budget covers the costs of services provided by the municipality.

These include general government at $1,920,563, protective services at $3,077,998, works at $3,065,541, garbage and recycling services at $1,942,714, development services at $1,075,951, cemetery services at $106,014 and recreational and cultural services at $2,930,707.

READ ALSO: Summerland taxes expected to rise by 4.0%

READ ALSO: Assessment value increases do not correlate with higher taxes, says Municipality

The budget also includes debt charges of $550,749, transfer to capital of $15,000 and transfer to reserves of $1,697,118.

Several contractual and legislative increases will affect the budget.

Human resource contracts and benefits will increase by $132,113, RCMP contractual increases will add $82,253, garbage collection and landfill scale contract increases account for $69,448, software licensing fee increases will add $24,336, insurance premium increases will account for $23,690 and other contractual increases will add $9,500.

A 1.0 per cent tax increase would add $87,093 to municipal coffers.

However, changes to the property tax roll, such as property class changes, additions or deletions and new construction or demolitions will add roughly $144,633 in tax revenue for this year.

The biggest source of revenue for the municipality will be taxation, which accounts for just over 58 per cent of the total revenue.

Taxes will bring in $9,523,188.

Some of the other sources of revenue include sales of services and rentals, which are expected to bring in $2,895,809; provincial government grants worth $891,992; grants in lieu of taxes worth $144,970; licenses, permits and fines of $632,886 and transfers from surplus and reserve funds, estimated at $515,810.

To report a typo, email:
news@summerlandreview.com
.



news@summerlandreview.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Nine new COVID-19 cases announced in Interior Health region

The total number of cases since the pandemic started is now at 531 for the region

Motorcycle rider identified following fatal crash in Peachland

Michael Odenbach died in a motorcycle collision on Sept. 27

South Okanagan businesses surveyed on impact of COVID-19 during summer

Hospitality businesses are being asked to fill out a questionnaire

RCMP seeking witnesses to fatal Peachland motorcycle crash on Highway 97

One person died following a motorcycle crash south of Peachland on Sunday afternoon

Penticton officer hit by stolen Kelowna car that was later torched

RCMP are asking for the public’s help in a crime spree that spans from Kelowna to Osoyoos

Weekend sees 267 cases, 3 deaths in B.C.; Dr. Henry says events leading to COVID spread

There are currently 1,302 active cases in B.C., while 3,372 people are under public health monitoring

Liberals seek to fast track new COVID-19 aid bill after CERB expires

Government secured NDP support for legislation by hiking amount of benefits by $100 to $500 per week

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

B.C. VOTES 2020: Echoes of HST in B.C. debate over sales tax

Cannabis, tobacco, luxury cars still taxed in B.C. Liberal plan

Shuswap BC SPCA launches spay/neuter program for low-income residents

Program available to low-income residents in the region

More victims possible in Okanagan assault case

Vernon police have a man in custody but feel there could be more victims in the case

She warned her son about toxic drugs, then he was dead

Donna Bridgman’s son died at the age of 38 in Vancouver

Known Kelowna Hells Angels associate to face trial in October

Colin Michael Bayley is set to stand trial next month for an alleged aggravated assault

Most Read