Wednesday, February 22, 2012

Oversight leaves 7 million out of budget

At first it looked like a major blunder but an apparent 7 million dollar oversight was just a timing issue.  Administration informed council Tuesday night that the capital investment for the Emergency Services Shared Facilities plan was left out of the document.  City Clerk John Hannam says the funds were approved after the document was put together and since the capital investments are paid for through reserve funds it won't affect the tax rate. Hannam says much of the funding will come from the EMS reserves which is meant for these types of expenditures.