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

Marine Harvest Upper Island Riptide U18 Girls bring home provincial gold

“This has been an extra-ordinary season with a diverse group of young ladies…”

Port Alice considers taking back Link River

Village debates not renewing agreement with RDMW

Living with obsessive compulsive disorder

The Big Read: Vancouver Island mom calls for more mental health services as son battles OCD

Port Alice Community Market open for business

The community market has been a draw to members of the community, as well as to tourists.

Sea otter tours offer unique opportunity to explore Neroutsos Inlet

“We saw sea otters, seals, eagles, some deer, and some history.”

REPLAY: B.C.’s best video this week

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Former NHL goalie Ray Emery drowns in Lake Ontario

Police say the 35-year-old’s death appears to be a ‘case of misadventure’

Air quality statement warns of smoky air for Kamloops area

Environment ministry says area on north side of Thompson River may be affected by wildfire smoke

Pussy Riot claims on-field protest at World Cup final

Russian protest group claimed responsibility after four people ran onto field in police uniforms

Fans party on Montreal streets after French World Cup win

To city is home to nearly 57,000 French nationals

Fishin’ Corner: The Deserters Group is a pretty good early chinook producer

“This year salmon fishing has been pretty good, with the average size spring around 20-25 lbs.”

B.C. VIEWS: Making private health care illegal again

Adrian Dix battles to maintain Cuba-style medical monopoly

Almost every part of Canada’s largest national park deteriorating: federal study

Drawing on decades of research — the report lists 50 pages of citations

Activists protest outside Kinder Morgan terminal in kayaks, canoes

Tsleil-Waututh elder Ta’ah Amy George led the water ceremony from a traditional Coast Salish canoe

Most Read