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Comments open for Courtenay’s five-year financial plan

Courtenay residents can give public feedback on the upcoming 2023-2027 Financial Plan.

City council had given their first three readings of the plan, which sees a 9.7 percent property tax increase.

The increase is the result of increased costs for providing services, with protective services such as policing seeing a 6% increase over the last year.

Courtenay Mayor Bob Wells says the plan reflects the several operations that have been impacted by inflation.

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“This budget reflects the reality of those costs, as well as our best estimates of the impacts over the next five years in maintaining services that support our community’s health and safety needs while improving quality of life,” says Wells.

“We’re grateful to have received $7.6 million from the BC Growing Communities Fund.”

Along with a $456,300 contribution to the Infrastructure Reserve, the plan will also include $320,000 funded by gaming revenue, and $136,300 funded by taxation, to support the long-term replacement of water, sanitary sewers, storm sewers, and roads in the City.

The plan is available for review by the public, with the plan’s bylaws set to be adopted on May 15th.

For more information, visit the City of Courtenay’s website.

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