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City Councillors in Dryden will be taking a close look at the municipality’s spending and its finances tonight at City Hall.
City Treasurer Steven Lansdell-Roll is expected to present the city’s final 2023 Budget document to Mayor Jack B. Harrison and fellow Council members tonight during their Committee of the Whole meeting, after revisions were made in November and December.
As it stands, Dryden’s 2023 Budget includes a 2.65 per cent property tax levy increase worth about $390,000, a 15 per cent increase in municipal insurance premiums, a $250,000 increase in municipal labour costs and about $1 million of Capital work funded by taxation.
The budget also lists about $950,000 going into city reserves – including $238,000 from MAT taxes to the city’s Waterfront Development Reserve Fund and $506,000 to the Waterworks Reserve Fund – but the city will be pulling $933,000 from other reserves for OPP costs and Aaron Park upgrades.
Dryden’s proposed budget also includes $1.05 million in debt servicing costs with over $15 million of expected capital work, after the city lobbied over $11 million of funding from provincial and federal programs.
Council is expected to look over the budget tonight before they vote to pass the document at their January 23 Council meeting.
Other items on tonight’s agenda include a site plan amendment at 285 Arthur Street, an amended development agreement for 5 Skillen Crescent and an update on the city’s partnerships with the Nuclear Waste Management Organization.
You can find a live stream of tonight’s Committee of the Whole meeting, which begins at 6 p.m., HERE.