City Projects Year End Surplus

Posted on Thursday, November 30, 2017 12:21 PM

The city's Finance Committee has deferred a decision for the time being on what to do with a projected $1.1 million budget surplus.

One suggestion is to spend $400 thousand for phase 3 of the Transportation plan and storm sewer model but Councillor Gary Sullivan questions whether you should pay for any plan if there's no money to carry through.

Mayor Don Darling agrees, saying there is a lot of public skepticism when talk turns to plans and som basic questions have to be answered before moving forward such as how will it make the city grow and how fiscally responsible is it.

Another part of the recommendation would see half a million dollars of the projected surplus put into a reserve fund.