The City of Williams has unanimously given three readings to their five-year financial plan bylaw at last night’s regular City Council meeting.
Mayor Walt Cobb says the bylaw which sets a 0% tax increase for 2015, is the culmination of several months of staff preparation time and consultation with council and the public.
“We’re in the final stages end of adopting the budget for this year as well it gives us a projection where we might be or what we might do.”
“Of course every year we can make changes to it, but it gives a 5-year plan or a projection of where we want to be.”
Property owners will see a $40/$100,000 tax hike due to the successful Sam Ketcham Pool referendum.
Taxation rates for years 2016 to 2019 will be reviewed on an annual basis and may change due to circumstances in the community.
Cobb says the City will be looking at adopting the bylaw on April 28th.