Financial bylaws in the works

  • Wed May 14th, 2014 5:00pm
  • News

Masset council adopted its five year financial plan bylaw and approved three tax rate bylaw readings when it met the evening of May 12 (Monday).Councillors unanimously approved the passing of the five year plan bylaw, as there were no public submissions. Copies of Masset’s financial plan were made available for pick-up from the village office.The plan is mandated by the BC Community Charter. The first year of the plan is a detailed summary and the following four years predicted.The tax rate bylaw establishes the 2014 rates for municipal purposes, the regional hospital district, and the SQCRD regional district.According to Chief Financial Officer Joanne Brown, the village’s mill rate remained the same but its assessments were up 1.5 percent. She said that worked out to be about an $8,000 in tax revenue.The tax bylaw will be read for a fourth and final time for adoption at council May 26 (Monday) at 7 pm.