Belleville council will be considering major spending with significant tax implications at its meeting Monday afternoon.
Council will be presented with an asset management plan and levels of service update projecting infrastructure needs over the next 10 years while considering the life cycles of the city’s equipment and facilities.
Staff say the city should be spending almost $234 million a year to maintain infrastructure and continue proposed levels of service.
However, only $168 million is currently included in its capital and operating budget plan, creating a funding shortfall of over $65 million a year.
To deal with the gap, staff recommend an annual tax levy increase of 2.2 per cent.
A tax levy increase is not the same as the tax increase property owners would pay.
See the detailed report here.
