Council Approves 2020 Budget at 4.52 Percent or $144
PITT MEADOWS, BC – Council concluded 2020 budget deliberations with a 4.52 percent increase or $144 for the average single family home with an assessed value of $802,000 or $95 for a multiple family home.
“I would like to thank staff for bringing forward a conservative budget,” says Mayor Bill Dingwall. “From 2012 to 2016, the City had the second lowest taxes for a single family home in Metro Vancouver and the last three years including 2019 had the lowest. With all of the necessary information before us, Council felt comfortable approving the 2020 Capital and Operating budgets. This budget gives staff the mandate to proceed with many important priorities for Pitt Meadows.”
The 4.52 percent increase is broken down as follows:
Of the 4.52 percent:
• 3.45 percent of the increase relates to uncontrollable costs:
- 1.29 percent for asset management savings for the future;
- 1.04 percent for uncontrollable costs for contracted services (Metro Vancouver for Water and Sewer services and RCMP and Library services);
- 1.12 percent for City department contractual costs of collective agreements;
• 0.22 percent for the addition of two part-time positions or 0.9 Full Time Equivalent (FTE); and
• 0.85 percent for an increase in non-salary cost of living and other adjustments.
“Staff and Council have worked hard to maintain existing service levels, balance community interests, fiscal responsibility and saving for the future,” says Chief Administrative Officer, Mark Roberts. “The City remains focused on asset management and infrastructure planning which is essential for sustaining long-term service delivery.”
For a more comprehensive breakdown of the 2020 Budget watch the budget deliberations at pittmeadows.ca.
For more information please contact:
Manager of Communications & Community Engagement
City of Pitt Meadows