Budget deliberations 2015.

Staff have brought forward a zero increase budget with a hefty surplus from 2014.

Councillors must decide what to do with the surplus and to fix a tax increase if they are convinced of the need to do that.

The water and sewer budgets were approved prior to the end of the year in order to set rates that went into effect January 1st.

The Town of Oliver collects only $1.3 million in its General Operating Budget. A 1% increase – only a small amount. ($13,300)

Much of the capital budget is funded by grants and reserves. The capital expenditure program is established at $3.1 million.

A list of new initiatives will be published shortly.

Earlier a water budget increase of 1.5% was approved – sewer budget was not increased.