October 4, 2023: General, Sewer & Water Capital Budget Meeting
Our budget schedule is well underway. Tonight, we dive into the 2024 budget focusing on the 2024-2028 capital plan.
This meeting covers our capital projects and expenses—these are our long-term investments in our infrastructure and facilities, like road reconstruction, park upgrades, equipment replacement, sewer and water infrastructure, and other one-time costs. Generally, these are paid for through our reserve fund as well as grants we apply for (something we do a lot!). Staff outline our plans for next year as well as our goals for the four years after that, as required by the Community Charter, for Council to review.
Next week, we’ll be talking about the operating costs—that’s our ongoing, repeated expenses for things like staff wages, utilities, and supplies. These costs are generally paid for with property taxes and user fees (and we usually aren’t allowed to use grants for operating costs). We’ll also be sharing the results of our Citizen Satisfaction Survey at next week’s meeting so Council and staff can consider them before the budget is finalized.
The public is welcome to join this meeting and ask questions at the end, if desired, by joining our Teams call. The meeting will also be live-streamed through the City of Terrace Facebook page, as usual.
JOIN IN:
Wednesday, October 4, 2023
5:00 pm
Online only
The 2024 budget cycle is complete. Now, staff can begin implementing it. See you later this year when we get started on the plan for 2025!
