Screenshot of the Memorandum regarding proposed Amendments to Financial Plan Bylaw, set for council Dec. 4, 2018 (Oak Bay News)

Screenshot of the Memorandum regarding proposed Amendments to Financial Plan Bylaw, set for council Dec. 4, 2018 (Oak Bay News)

Year-end budget adjustments, 2019 utility hikes on the table at council

Council sits this evening at 6 p.m.

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.”

Read More: Sewage pipe makes slow journey toward the ocean

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.



jesse.laufer@oakbaynews.com

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Screenshot of the Memorandum regarding proposed Amendments to Financial Plan Bylaw, set for council Dec. 4, 2018 (Oak Bay News)

Screenshot of the Memorandum regarding proposed Amendments to Financial Plan Bylaw, set for council Dec. 4, 2018 (Oak Bay News)