BUDGET BREAKDOWN: Details from the 5 year draft plan PAGES 3, 6, 7
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THURSDAY, APRIL 21, 2022
SETTING SAIL
VOL. 48 NO. 14
BIUndercurrent
BowUndercurrent www.bowenislandundercurrent.com
Southern Straits Classic returns PAGE 10
Bowen’s 5 year financial plan draft unveiled
PUBLIC CONSULTATION INCLUDES APRIL 21 OPEN HOUSE
ALEX KURIAL Editor
WHO’S UP FOR PYSANKY?: Lynn Krukowski’s table was a popular stop during the Rotary’s ShelterBox fundraiser for Ukraine over Easter weekend. Visitors to the Snug Café were able to take in some lessons in Pysanky - the art of Ukrainian Easter Egg making - and also learn about how they can assist victims of the war in Ukraine. For more information on the event, and how you can still help out, check out Page 5. / Submitted photo 901 VALHALLA PLACE
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Bowen’s draft budget for 2022 and beyond was presented last week, with plenty to digest as the numbers now head out for public consultation. The various municipal directors were on-hand at the April 11 Committee of the Whole to make their pitches for resources, people and projects they’d like to see funded in their department. These ranged from technology to staffing, to bridge and culvert replacement, and some new fire equipment too. Several major capital projects are also in the works, led by the nearly $17.5 million to be spent on the community centre over the next two years. Final construction of the fire hall and fixing the storm sewers under Bowen Island Trunk Road will cost approximately $1.5 million each, with another $1 million going to road rehabilitation (a number which will increase by $250,000 every two years). Informing every financial decision was a stark reality though: debt repayments are going to be felt heavily in the years ahead. While interest and principal repayments make up $215,596 this year, the 2023 number is projected to leap to $782,663 and stay in that range through 2026. “Those payments are going to eat up a big part of our municipal budget in the next few years,” said chief financial officer Kristen Watson. CONTINUED ON PAGE 3
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