Over $750,000 in budget adjustments are on the table tonight in Oak Bay.
Municipal council sits this evening at 6 p.m for its last regularly scheduled meeting of the year. In a memorandum addressed to the mayor and council from Debbie Carter, Oak Bay’s Director of Financial Services, it is explained that the spending is a combination of adjustments to the 2018 budget that better reflect actual cost, and the early approval of a “limited number of capital projects for 2019.”
The Henderson Water Main is lining up to get the lions share of the $777,337 in capital expenditure adjustments, with $331,232 set to be penciled in. Another $223,752 going into sewage lining. None of the adjustments will require property tax increases, although it usage charges for water and sewage are set to rise in the new year.