Budget positions Port Alice Village for the future

Port Alice council will present a hefty draft financial plan at this year's open house Apr. 27. The plan includes larger than usual capital expenditures totaling $3.36 million. That is more than ten times average capital expenditures forecast for 2012 and beyond.

  • Apr. 21, 2011 3:00 p.m.

Port Alice council will present a hefty draft financial plan at this year’s open house Apr. 27.

The plan includes larger than usual capital expenditures totaling $3.36 million. That is more than ten times average capital expenditures forecast for 2012 and beyond.

Mayor Gail Neely, said the Village has been through five lean years and the time is right to invest in projects to support their seniors, projects aimed at attracting more families and projects aimed at diversifying their tax sources making them less dependent on major industry than they have been in the past.

Extraordinary capital expenditures for 2011 include: $2,023,000 for the marina, $624,990 for recreation projects, $415,000 for public works, $126,967 Marine Drive sewer utility, and $113,334 for the municipal hall. Other smaller capital projects will be undertaken for the transfer station and protective services.

Increased revenues to offset the above projects will come from a 17.81 per cent jump in property taxes paid by Neucel now that their five-year deal for a break on taxes has expired. Other extraordinary revenue includes $929,739 in provincial grants, $850,000 from federal grants, $583,000 from the statutory reserve fund, $575,164 from the Village’s accumulated surplus account and $900,000 in borrowing proceeds.

Neely said she and council do not like to borrow money, but the borrowing has been approved by residents and it keeps things moving in the right direction.

Neely said council and staff have worked hard to procure funding in the form of grants and they are hoping to procure two more grants of $400,000 each to complete the to begin construction of the marina that is key to diversifying the Villages economy.

The financial plan indicates council is following the transition plan that aims to make the Village less reliant on taxes paid by Neucel. In 2011 the taxes from Neucel constitute about 72 per cent of the Village’s total property taxation. An additional 24 per cent comes from residential property taxes with just four per cent coming from utilities, light industry, business, and recreation taxes combined.

An open house is scheduled for 6:30 p.m.  Apr. 27 at the Village administration office for the 30 minutes before their regular 7:00 council meeting.

 

Just Posted

The river behind the ball field. (Tyson Whitney - North Island Gazette)
Pulled by the flow: river stirs up childhood memories

Gazette editor makes trek through Port Hardy wilderness to swim in the river

FILE – Perry Bellegarde, National Chief of the Assembly of First Nations, takes part in an event on Parliament Hill in Ottawa on Tuesday, July 7, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Indigenous Peoples Day must be a ‘call to action’, says Assembly of First Nations chief

Discovery of children at Kamloops residential school site must lead to change, Perry Bellegarde says

Black Press file photo
RCMP seek suspect in Vancouver Island-wide crime spree

Crimes stretched from Deep Bay to Qualicum, Ladysmith, Chemainus and Youbou

Alert Bay council has decided to cancel Canada Day celebrations. (Alertbay.ca photo)
Alert Bay council cancels Canada Day celebrations

The decision was made in wake of the mass graves being found at former residential schools

Things are looking up for Vancouver Island as zero COVID-19 cases have been reported for the first time since October. THE CANADIAN PRESS/Darryl Dyck
Island records zero new COVID-19 cases for the first time since October

For the first time since October, the province is reporting zero new… Continue reading

The border crossing into the United States is seen during the COVID-19 pandemic in Lacolle, Que. on February 12, 2021. THE CANADIAN PRESS/Paul Chiasson
VIDEO: Border quarantine to soon lift for fully vaccinated Canadians

Eligible travellers must still take multiple COVID-19 tests

Chilliwack secondary school’s principal is apologizing after a quote equating graduation with the end of slavery in the U.S. was included in the 2020-2021 yearbook. (Screenshot from submitted SnapChat)
B.C. student’s yearbook quote equates grad to end of slavery; principal cites editing error

Black former student ‘disgusted’ as CSS principal apologizes for what is called an editing error

Skeena MLA Ellis Ross. (Photo by Peter Versteege)
BC Liberal leadership candidate condemns ‘senseless violence’ of Okanagan church fires

Skeena MLA Ellis Ross says reconciliation isn’t about revenge for past tragedies

A coroner’s inquest will be taking place at the Capitol Theatre in Port Alberni for the next week. (ELENA RARDON / ALBERNI VALLEY NEWS)
Teen B.C. mom who died following police custody recalled as ‘friend to many’

Police sent Jocelyn George to hospital after intoxication had gone ‘beyond the realm’ of normal detox

FILE - In this Nov. 29, 2020, file photo, Las Vegas Raiders defensive end Carl Nassib leaves the field after an NFL football game against the Atlanta Falcons in Atlanta. Nassib on Monday, June 21, 2021, became the first active NFL player to come out as gay. Nassib announced the news on Instagram, saying he was not doing it for the attention but because “I just think that representation and visibility are so important.” (AP Photo/John Bazemore, File)
Nassib becomes first active NFL player to come out as gay

More than a dozen NFL players have come out as gay after their careers were over

Penticton Indian Band Chief Greg Gabriel speaks to the Sacred Hearts Catholic Church burning down early Monday morning, June 21, 2021. (Monique Tamminga Western News)
Penticton band chief condemns suspicious burning of 2 Catholic churches

Both Catholic church fires are deemed suspicious, says RCMP

COVID-19 daily cases reported to B.C. public health, seven-day moving average to June 17, 2021. (B.C. Centre for Disease Control)
B.C.’s COVID-19 infections drop to 90 on Sunday, 45 Monday

Pandemic spread dwindles as 77% of adults receive vaccine

Emergency vehicles are parked outside of the Wintergreen Apartments on Fourth Avenue. (SUSAN QUINN / Alberni Valley News)
Port Alberni RCMP investigate stabbing on Fourth Avenue

Two men were found with ‘significant’ injuries near Wintergreen Apartments

By protesting uninvited in First Nations’ territories, conservationists are acting in a neocolonial or paternalistic manner, says Huu-ay-aht Chief Robert Dennis. Photo by Heather Thomson
A closer look: do Vancouver Island First Nations support the war in the woods?

First Nations/environmentalist old growth alliance uneasy, if it exists at all

Most Read