inflation causing budget headaches
Quinte West council had a “high level” look at not only a budget for this year but for the next 4 years Tuesday afternoon.
As we reported before staff is suggesting a 4 year budget cycle with a 4 percent levy increase each year for capital projects alone. Staff explained that previous low tax increases approved by past councils, increases that didn’t make up for inflation, have diminished the city’s financial flexibility.
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