Revelstoke Times Review, February 03, 2016

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Banff Film Fest preview – 12

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REVIEW Rhythm nation $1.25

PM40050491

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Vacation rentals – 2 Big Eddy water – 3 Garbage changes – 4 High-tech strategy – 5 Community Calendar – 7 Grizzlies Report – 14

REVELSTOKE Wednesday February 3, 2016 Vol. 119, No. 05

78 19 5

Yamabiko Taiko occupied the stage with fierce energy, filling the room with taiko beats during the Carousel of Nations on Saturday. The popular event filled the community centre with hundreds of people of all ages looking to experience the many performances and activities, and sample the diverse foods on offer. For more photos, see page 10. ~ Photo by Claire Paradis, Special to the Revelstoke Review

Council moves $21.7 million budget to public ALEX COOPER

alex.cooper@revelstokereview.com It’s amazing what a change in assessment can do. The City of Revelstoke was looking at posting a deficit this year, but that’s changed after BC Assessment re-classified the Sutton Place Hotel to commercial from residential. The move has resulted in a $1.2 million swing in expected tax revenue for the city and, even with the city hedging their bets by putting $750,000 into a reserve fund, the city now expects to post a surplus this year. It also helped to ease any pressure on council to make tough spending cuts. Revelstoke council is moving forward with a $21.7 million budget for 2016 that includes a two per cent tax increase for resi-

dents and one per cent tax increase for businesses. The increase means someone owning a home worth $250,000 would see their tax bill increase by $25 to $1,245. Taxes on a commercial property of the same a would go up by $46 to $4,665. Water, sewer and garbage rates are all going up in 2016 to $395, $255 and $112 respectively. The sewer frontage tax is going up to $1.60 per foot of frontage from $1.50. The 2016-20 financial plan will now go out for public comment before it comes back to council for adoption. The discussion began with a presentation by Graham Inglis, the city’s director of finance. He went over some of the most significant aspects of the plan, including the changes that have been since discussions

began back in early October. The biggest development is the re-classification of the Sutton Place Hotel. Since commercial properties are assessed at almost four times the rate of residential, it means a potentially huge uptick in revenue for the city. However, because the city has been burned in the past by successful assessment appeals by Revelstoke Mountain Resort, council has chosen to put $750,000 into a tax equalization reserve in casethe resort is once again successful in appealing its assessment. Under the proposed budget, city tax property revenue will be a shade under $9.5 million, however total city revenue is $23.68 million when you add in things like grants & payments in lieu of taxes, transfers from other levels of government, and

sales of services. “What we’re trying to find today is we’re trying to find what we think is acceptable for the plan, what we think is acceptable to council and what we think is acceptable to the community,” said Mayor Mark McKee during the lengthy discussion. The debate last Tuesday, Jan. 26, centred largely around the tax increase. The draft budget council was presented with called for no increases however council opted for a hike that roughly matches inflation. “I don’t want to have five per cent increase in 2017 because we did nothing in 2016, said councillor Connie Brothers. “If we have to bite the bullet, then I want to know now as opposed to knowing next year.” see Budget, page 16

"NOBODY WORKS HARDER FOR YOU THAN RE/MAX"

#309-311 Sixth Street E. $168,000

1901 Jade Place $349,000

332 Taylor Street $295,000

"Right Agents for Today's Market" Revelstoke Realty

223 Viers Crescent $344,900

4691 Airport Way $1,690,000

209 1st St. West, Revelstoke, BC V0E 2S0 250-837-5121/fax: 250-837-7020 revelstoke-realty.com

304-2nd Street East $649,000

OMREB

Okanagan Mainline Real Estate Board


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