As of this week, Comox’s five-year financial plan has officially been adopted.
In a release, the Town says the 2024-2028 financial plan will see a 5.3 percent increase in the municipal levy, an extra $83.17 for the average homeowner.
Along with the increase, the plan includes an infrastructure renewal fund, aiming to address the gap between available funding and what is needed to keep current infrastructure. The fund will have an investment of $51.70.
Mayor Nicole Minions says they understand residents are feeling a lot of financial pressures.
“There are many economic inflationary pressures that are beyond our control, but within our mandate, we are focused on efficiencies and fiscal responsibility as highlighted in our Strategic Plan,” said Minions.
The town adds this new plan will focus on capital and operations projects for the future.
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