The Mayor and Deputy Mayor made some opening remarks about the budget process. The Treasurer, Trisa McConkey provided an overview of the draft budget which was based on the Town's approved 10-year plan.
The Treasurer made note of significant challenges for the 2021 budget including revenues lost due to COVID-19 and increased expenses, including the Waste Management contract. As well, suggestions were provided to members of Council as to how to reduce the 2021 tax levy. These suggestions included the deferral or deletion of various capital projects, the reinstatement of penalties and interest charges on late tax and receivable payments as well as funding more projects from reserves and/or repurposing some reserves.
Throughout the various discussions, the following changes were made to the budget (attached).