The Senior Leadership team at Dryden is expecting to pass and approve 2023’s Operating and Capital budgets today at City Hall.
Councillors will be hosting a Special Open Meeting of Council today at 9 a.m. in Council Chambers, which will include the final 2023 budget report from Treasurer Steven Lansdell-Roll.
The meeting can be streamed HERE.
Dryden’s budget process began in November 2022 but three sets of revisions have pushed things back to February.
During January 23’s meeting, Council shared concerns surrounding a proposed $70,000 development on an empty King Street lot – which while it would beautify the city, it’s owned privately and could bring liability issues with it.
That item is expected to be removed from the budget document and the $70,000 will be used on a future project for the municipality.
As well, Lansdell-Roll’s report shows the city was not successful in a transportation funding grant so a project on Sandy Beach Road has had to be delayed. In its place, the city plans to complete a storm sewer lining project using $400,000 of funds.
Elsewhere, Dryden’s proposed 2023 budget includes a 2.65 per cent property tax levy increase with $1.05 million going towards debt servicing costs and $950,000 going into city reserves.