Taking action on declining revenues

In an earlier post I provided information on the impact of the economic downturn on city revenues.  It is significant.  More than an $8M decline projected for 2010.

In discussions with our Chief Administrative Officer and the City Treasurer, I have requested that mitigating measures be developed for Council’s consideration that reflect the tough times we are in.

I am confident Council will be provided with the necessary strategies so that the right decisions can be made.  During the 2010 Budget Process, the community will have an opportunity to see those strategies and provide their comments to Council.

As I said in the earlier post,  Council is prepared to make tough decisions to ensure our taxpayers are protected, the city remains strong and our AA credit rating is maintained.

About Karen Farbridge

An unwavering change maker seeking a just, democratic and sustainable world.

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One Comment on “Taking action on declining revenues”

  1. Bill Manson Says:

    I cannot urge you strongly enough to ensure that the new Central Library is included in the capital plans for 2010. This is necessary infrastructure development. Delay for another five years is wholly unacceptable — a tactic worthy of the Council and Mayor that preceded this one.

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