The average White Rock homeowner will be paying an extra $155 in property taxes next year, if council agrees with an increase city staff proposed for 2014.
According to a report that is to be considered this evening by council members meeting as the finance and audit committee, the increase-5.25 per cent, compared to 3.28 per cent that had been projected- is needed to address "major changes in expected operations of the city and resources required''.
Finacial services director Sandra Kurylo names the possible purchase of the city's water utility and related infrastructure improvements as the most significant new initiative behind the revamped figure.
While these anticipated expenditures are not yet in the finacial plan, it is important to consider this potential transaction and be prudent.... '' Kurylo writes.
The city also needs to boost its focus on building up its reserves '' in order for the city to contuine to be sustainable in the next 20, 30, or 50 years''.