City Hall shortfall dwindles
VANCOUVER/CKNW AM 980
Janet Brown | Email news tips to Janet
10/15/2009
At 28-million homeowners would face a property tax hike of five-per cent.
However staff say they're aiming for a tax hike of two percent at the most.
They say there are more cuts to be made.
A service review underway by the city has been looking for ways to save money and make the entire organization more efficient."
VANCOUVER/CKNW AM 980
Janet Brown | Email news tips to Janet
10/15/2009
"What a difference two weeks makes.
At the end of september the City of Vancouver announced it was facing a 61-million-dollar shortfall.
At the end of september the City of Vancouver announced it was facing a 61-million-dollar shortfall.
The preliminary budget numbers are now in for 2010 and the budget shortfall is now pegged at 28-million-dollars, down from the 61-million just two weeks ago.
At 28-million homeowners would face a property tax hike of five-per cent.
However staff say they're aiming for a tax hike of two percent at the most.
They say there are more cuts to be made.
A service review underway by the city has been looking for ways to save money and make the entire organization more efficient."
Wow. How did that happen? $32m in savings found in two weeks?
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3 comments:
As the city manager said, we could bring it down to 28m with efficiencies. Doesn't anyone ever listen?
Fair enough. It's still pretty amazing that "efficiencies" of $32m were found in two weeks.
couple ways to do this - take funds out of budget first and make staff manage to a revised budget OR capture savinsg as they go along and end of year "surplus" equals $32mm....
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