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City Budget Tabled at 2.7%

Friday, 3 February 2012 08:36

The 2012 Woodstock City Budget has been tabled at a 2.7% increase. Without any changes, that would cost the average homeowner about an extra 24-dollars. Factoring in an increase in assessment, the average home valued at 203-thousand dollars would see an increase of 1.38%. City Chief Administrative Officer David Creery talked about the pressures driving up the budget. "There's a number of pressures that the city is facing with respect to the budget...police and fire costs are representing a significant portion of the increased costs for 2012. There are a number of other cost pressures though: benefits costs, OMERS pension plans as well as staffing pressures." City Council will now begin a department-by-department review of the city's operations. Councillor Paul Plant is interested to see what recent changes mean for the bottom line. "There's been fairly dramatic changes with the Community Services Department, and splitting the cultural assets off into a Cultural Department. I think we have to look at what the costs are there, and what kind of savings, if any can be made, or what revenue can be generated." Budget deliberations are continuing next week with meetings on Tuesday and Thursday.

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