Wednesday, January 21, 2015

Nanaimo Five Year Draft Financial Plan Available

Download the 2015 - 2019 Draft City of Nanaimo Financial Plan HERE.

The 148 page document will provide you will all you would ever want to know about where your tax dollars are going. As all of us know they have not been holding even in living memory and they are not budgeted to hold even going forward.

For comparison in 2013 the actual revenue from property taxes was $89,382,256.00 and by 2019 that is budgeted to increase to $112,103,753.00. Revenue from user fees (another name for taxes) totaled $35,523,218.00 in 2013 and will increase to $43,237,527.00 by 2019.

Another interesting piece of information contained in this document is the cost of wages and benefits for the City Manager's Office which was $415,222.00 in 2013 and is budgeted to be $671,616.00 by 2019.


1 comment:

  1. It's pretty clear that Nanaimo's Council are looking after themselves and doing very little for the taxpayers.


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