City Council is targeting a 5% budget increase for 2022, with Mayor Ron Oszust and city council passing first reading of the draft budget and five-year financial plan at a special open council meeting on April 12.
The 5% increase must stay in line with inflation, according to the city, and stays in line with the 5% increase in 2021, after no increase in 2020.
The increase will not necessarily result in a 5% property tax increase.
About half of the money municipal governments need each year to provide and maintain services comes from property taxes.
The City of Golden’s Proposed Annual Budget for 2022 and Proposed Financial Plan for 2022-2026 are now available as part of the 2022 Budget Book online at golden.ca/budget and in person at City Hall.
“The City of Golden emerges from the pandemic years with renewed resilience and no less resolve to move our community forward,” said Mayor Ron Oszust.
“A totally unexpected level of development activity, grant application successes, planned infrastructure replacements, service pressures and internal personnel changes now and over the past 2 years continue to propel us forward. forward.”
Projects for the year include the downtown transformation, which will continue with the long-awaited redevelopment of 9th Avenue North between IGA and Ford, which is listed as one of the notable expenditures for 2022.
The complete transformation of Postal Officers Square this fall is another initiative as part of the downtown revitalization.
There will also be projects supporting recreation with new flooring at the Rec Plex and a renewed base and surface for the basketball courts and a new outdoor ice rink, as well as support for the skate park expansion project. .
Transportation and Active Transportation Plans will be completed this year as well, establishing a vision for the future of transportation in our community
“Due to staffing changes and pressures, this year we are seeing a condensed and expedited budget process,” said CEO Jon Wilsgard. “But we still have a lot of opportunities for public participation. We encourage residents to participate and give their opinion. It’s a chance for the community to ask questions, give feedback, learn about the various services offered by the City, and understand Council’s direction for 2022 and beyond.
Residents are invited to provide input on the proposed budget and financial plan through an online survey or by attending the April 26 council meeting, in person or on zoom.
Comments may also be received by mail or by emailing [email protected] as “budget 2022”.
The City will actively seek as many grants as possible to help ease the local tax burden for planned capital projects.
The Town of Golden is committed to sound financial management. Under the Community Charter, each municipality is required to adopt a five-year financial plan, in accordance with the law, by May 15 of each year. This five-year financial plan focuses on 2022 (annual budget), but also outlines the City’s proposed financial direction for 2023-2026.